{"id":135217,"date":"2021-08-11T15:33:23","date_gmt":"2021-08-11T15:33:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=135217"},"modified":"2021-08-11T15:33:23","modified_gmt":"2021-08-11T15:33:23","slug":"feds-bostic-says-the-pandemic-widened-economic-disparities","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/feds-bostic-says-the-pandemic-widened-economic-disparities\/","title":{"rendered":"Fed&#x27;s Bostic says the pandemic widened economic disparities"},"content":{"rendered":"<figcaption>FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association\/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS\/Christopher Aluka Berry <\/figcaption><p>(Reuters) &#8211; The coronavirus pandemic exacerbated economic inequalities that existed before the crisis, leading to greater employment losses for women, Black workers and people in rural areas, Atlanta Federal Reserve Bank President Raphael Bostic said on Wednesday.<\/p>\n<p>\u201cThe virus exploited existing weaknesses in our economy<\/p>\n<p>just as it exploited preexisting conditions in individual human bodies,\u201d Bostic said in remarks prepared for an event organized by the Chautauqua Institution.<\/p>\n<p>Women experienced a greater drop in employment than men, in part because they disproportionately work in service sector jobs, he said. Black workers could face a slow recovery as the economy rebounds from the crisis because of longstanding racial disparities in employment, he said.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-bostic\/feds-bostic-says-the-pandemic-widened-economic-disparities-idUSKBN2FC1LY\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Federal Reserve Bank of Atlanta<\/p>\n","protected":false},"author":3,"featured_media":135216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fed&#x27;s Bostic says the pandemic widened economic disparities - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/feds-bostic-says-the-pandemic-widened-economic-disparities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed&#x27;s Bostic says the pandemic widened economic disparities - 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