The U.S. economy has “recovered substantially” from the effects of the coronavirus pandemic, Federal Reserve Governor Michelle Bowman said Monday, but communities of color and low-income families continue to be hard hit, as have working women. “It is concerning to see signs that the improvements have been uneven, with some households continuing to struggle with unemployment and facing financial difficulty,” Bowman said in remarks prepared for delivery at a Dallas Fed event held to honor four Texas-based community initiatives aimed at reducing economic inequities. She did not address the U.S. economic outlook or monetary policy. (Reporting by Ann Saphir; Editing by Andrea Ricci)