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By Reuters Staff 2 Min Read 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 (Reuters) - The U.S. economy is still under “considerable distress” and the Federal Reserve will continue to provide support until the labor market is stronger and average inflation is on track to meet the U.S. central bank’s long-term target, Atlanta Fed President Raphael Bostic said on Friday. “We’re ready and able…to support the recovery as long and as strongly as necessary,” Bostic said during a virtual event organized by Stanford University.

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