Read more about US Federal Reserve sees possible economic boom if vaccine gets on track on Business Standard. One US Federal official says there is now a "clearer focus" about the economy s path forward and a horizon for a fuller recovery. Another says the pandemic s "endgame" is here
Wednesday, 13 Jan 2021 07:50 AM MYT
The incoming administration of President-elect Joe Biden has said it plans to speed vaccine distribution, and the outgoing Trump administration urged states to loosen rules and offer vaccines to all Americans over age 65 or with chronic health conditions. ― Istock.com/AFP pic
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WASHINGTON, Jan 13 One US Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’s “endgame” is here. A third predicts 2021 will prove “impressive.”
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see
California, accounting for about 10% of gross domestic product, lags the national average in terms of vaccinations, with under 2% of its population immunized so far. Georgia, a top 10 economy, has the lowest current vaccination rate at 1.1%., , economic boom, policymakers, donald trump, bankruptcies
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WASHINGTON, Jan 12 (Reuters) - One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’s “endgame” is here. A third predicts 2021 will prove “impressive.”
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see.
Even as they concede the riots by supporters of President Donald Trump that shut down Congress last week and concerns about continued violence pose a risk, officials say the transition to a new administration on Jan. 20 and a likely accelerating vaccine rollout have left them optimistic.