Board of Governors of the Federal Reserve System (via Public) / U.S. Economic Outlook and Monetary Policy
02/24/2021 | Press release | Distributed by Public on 02/24/2021 12:06 U.S. Economic Outlook and Monetary Policy It is my pleasure to meet virtually with you today. 1 I look forward to our conversation, but first, please allow me to offer a few remarks on the economic outlook, the Federal Reserve's monetary policy, and our new monetary policy framework. Current Economic Situation and Outlook In the second quarter of last year, the COVID-19 (coronavirus disease 2019) pandemic and the mitigation efforts put in place to contain it delivered the most severe blow to the U.S. economy since the Grea...