Georgia reopening has been ‘a mixed bag,’ Atlanta Fed President Bostic says

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Georgia’s economy has taken some steps ahead, though there are still signs that a recovery is going to take some time, Atlanta Federal Reserve President Raphael Bostic told CNBC.

“I think the punchline here is that it’s very much a mixed bag,” the central bank official said Thursday on “Closing Bell.”

“Some places and some people are feeling like they’re very prepared to jump back into the economy and get back to where they were pre-crisis,” Bostic added. “But there are a lot of businesses where they’re not seeing the same kind of foot traffic they were before.”

That’s a

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Fed’s Bostic: U.S. small business may need up to $500 billion monthly in support through crisis

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WASHINGTON (Reuters) – U.S. small businesses may need up to $500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve Bank said on Thursday as Fed officials voiced concern over the speed and breadth of the country’s fiscal response to an unprecedented economic slowdown.

FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne

A cornerstone of the fiscal effort, the “Paycheck Protection Program” of $350 billion in loans

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Bostic: Fed programs could be broadened if they have missed important parts of economy

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FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne/File Photo

(Reuters) – As U.S. officials role out trillions of dollars in new economic support, a Federal Reserve policymaker on Monday said focus will now shift to whether those programs prove adequate or need to be expanded even further.

U.S. elected officials last week approved a more than $2 trillion emergency economic program and the Fed is expected to layer on more than twice that amount in programs

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