Dozens of business leaders from Middle and East Tennessee joined the Tennessee Business Roundtable, along with nonprofit partner members Chattanooga, Knoxville and Nashville Chambers, on July 7 for a one-hour online session with Dr. Raphael W. Bostic, President & CEO of the Federal Reserve Bank of Atlanta, serving the Fed’s Sixth District which includes Middle and East Tennessee.
Dr. Bostic provided attendees with an overview of the Fed’s actions to mitigate the negative economic effects posed by the national COVID-19 health crisis, including its swift implementation of both monetary and fiscal programs aimed at providing liquidity and sustaining business survival and employment during the first months of the crisis. He fielded several questions from the Roundtable and from online event participants.
Link to video replay of the President Bostic Conversation event
See additional media coverage below:
Write Ups of Presentation:
Bloomberg, July 7: Fed’s Bostic Says Virus Spread Threatens to Undermine Confidence
Bloomberg, July 7 (video): Fed's Bostic Sees Signs of Economy 'Leveling Off'
Business Insider, July 7: 'People are getting nervous again': Fed president says virus resurgence could prematurely freeze economic recovery
Mace News, July 7: Fed’s Bostic: High-Frequency Data Show Leveling off in Economy
Market News International, July 7: Fed's Bostic Says Confidence Is Again Wobbly
Reuters, July 7: Fed's Bostic: Business 'getting nervous again' as virus surges
Mention in Larger Stories:
Bloomberg, July 7: Fed Highlights Scope for More Action If Reopening Economy Stalls
Chattanooga Times Free Press, July 9: Jobless claims grow in Tennessee as economic rebound stumbles
Chattanooga Times Free Press, July 7: NBC report calls Chattanooga a hotspot in coronavirus pandemic
Chattanooga Times Free Press, July 7: Who got the Payroll Protection loans in Chattanooga?
Marketplace Radio, July 9 (quoted at top of Thursday’s show)
Reuters, July 7: Fed policymakers worry growth plateauing, pledge more support