"There is a lot of shuffle and a lot of jumble and a lot of turbulence" as people juggle family responsibilities with a return to work, companies turn to automation amid labor shortages, and the coronavirus crisis continues, Bostic said in comments to the Mid-Size Bank Coalition of America. "But at the end of the day the trajectory of the economy is solid. My models and the data I am seeing suggest we are on firm footing towards a full recovery and momentum is going to continue strong even amidst the rise of Delta."

(Reporting by Howard Schneider; Editing by Sonya Hepinstall)