Monthly Yearly Boston Fed chief predicts strong economic recovery begins in 2nd half of 2021 if vaccine reaches enough people Cloe Poisson :: CTMirror.org Syringes filled with the Moderna COVID-19 vaccine. The nation’s recovery from pandemic-induced economic decline depend on a successful vaccine rollout. While the ongoing rollout of the COVID-19 vaccine is promising, federal and state policymakers, as well as business leaders, will have to act to reverse an economic decline that has exacerbated longstanding inequalities, the president of the Federal Reserve Bank of Boston warned Friday. Speaking at Yale University’s Economic Development Synmposium, Eric S. Rosengren predicted the national and regional economies could see significant gains in the second half of 2021, provided the vaccine distribution is successful.