Nov 9 (Reuters) - Dallas Federal Reserve Bank President
Robert Kaplan said on Monday the U.S. economy is rebounding from
a deep contraction, but the resurgence of COVID-19 poses
downside risks, particularly if it overwhelms hospitals in
"Right now, the trends are in the wrong direction," Kaplan
said in a virtual event for the Louisiana communities of
Shreveport and Bossier City.
Cases of the novel coronavirus have surged across the United
States, prompting authorities to renew restrictions on economic
activity in some cities, including El Paso, Texas, as well as
whole states such as Utah.
(Reporting by Ann Saphir
Editing by Chris Reese)