Fed report notes businesses less optimistic about economy

 


WASHINGTON (AP) — Businesses across the country surveyed by the Federal Reserve don't appear to share the Trump administration's optimism about a rapid economic recovery starting this summer.

The Federal Reserve released a report Wednesday that draws on business contacts from the central bank's 12 regions and details the economic damage in April and May, as measures to combat the spread of the coronavirus outbreak took hold.

The report, know as the beige book, noted that the Fed's business contacts were less sanguine about the economy's outlook than the administration. President Donald Trump h...



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