“Charles Gascon, a regional economist with the Federal Reserve Bank of St. Louis, said Wednesday during a virtual presentation that it could be a strong year for economic growth in the St. Louis region. But he worries that if public policy officials focus too much on bringing back as many jobs as quickly as possible, that could hurt the economy in the long run.” This recovery calls for bold vision, collaborative strategy, regional cooperation, adaptability, economic inclusion and courageous leadership. Anything less puts recovery at risk. The St. Louis region must confront what has undermined its progress and led it to the brink of terminal decline in the past—parochialism, paternalism, elitism, racism, and lack of vision—to move forward to a future of inclusive, robust growth.
St. Louis Fed Economist Cautions Against Quick Economic Rebound
St. Louis Public Radio | By Corinne RuffPublished February 18, 2021 at 6:01 AM CST