US economic recovery to be muted until Covid is contained: Fed officials

The US economic recovery will be gradual and slow until the coronavirus is under control, and Americans will have to learn to "live with" the virus for the next several months, three Federal Reserve policymakers said on Wednesday.

Consumer spending will probably remain weak relative to the past as people avoid activities that require high levels of social interaction for health reasons, Boston Fed President Eric Rosengren said during an online event organized by the South Shore Chamber of Commerce in Massachusetts.

"The forecast for the US economy this fall is quite uncertain, but my view is that the recent slowdown in