Official Says Will Take ‘a Year or Two’ before U.S. Economy Recovers

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The United States will take “a year or two,” if not longer, to recover from the devastating economic impact of the coronavirus, a top Federal Reserve official said Thursday.

“It would probably take a year or two, a few years to get the U.S. economy fully back to full strength,” New York Federal Reserve Bank President John Williams said.

“Unfortunately, this is a situation where I think the economies can be underperforming for some time,” he said in a video conference organized by the Economic Club of New York.

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