New York Federal Reserve President John Williams said that he sees some aspects of the economy coming back online but doubts growth will get back to normal through 2020.
Williams spoke Friday with Steve Liesman on CNBC’s “Squawk Box.”
Areas such as construction should be the first to come back, he said, echoing comments from Philadelphia Fed President Patrick Harker, who spoke to CNBC on Thursday.
“I expect that to be able to bounce back a little bit more quickly than maybe some of the other sectors,” Williams said. “But I don’t see the economy getting back to full strength by the end of the year.”
This is breaking news. Check back here for updates.