The Vice Chairman of the Federal Reserve, Richard Clarida said on Monday that his benchmark outlook is “maybe 7%” economic growth in 2021, as reported by Reuters.
Additional comments:
“The United States economy is in a very fluid period“.
“The report of April jobs was very disappointing“.
“It may take longer to reopen a $ 20 trillion economy than to shut it down.”
“The Fed must stay tuned and watch for incoming inflation data to make sure it’s transitory“.
“If the data threatens to raise inflation expectations, the Fed would act“.
“The baseline opinion is that achieving maximum employment will not put undue pressure on prices“.
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