Fed’s Bostic Warns Eviction Surge Could Weigh on Recovery

Federal Reserve Bank of Atlanta President Raphael Bostic said Wednesday that ending protections against evictions and a slow rollout of aid for renters owing money to landlords could create problems for the economic recovery.

“The eviction moratorium has been very helpful to date in preventing people from being moved out of their homes in the middle of a pandemic,” Mr. Bostic said in a virtual appearance, referring to a recently ended eviction ban that shielded financially distressed renters.

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