The economic recovery in the US depends on the vaccines remaining effective against the new variants of the virus, said Monday the president of the Boston Federal Reserve, Eric Rosengren, but he noted that they should see a significant rebound, according to Reuters.
Featured statements
“The current highly accommodative monetary policy stance is appropriate.”
“Labor market slack remains significant and inflation is still below the Federal Reserve’s 2% target.”
“The unemployment rate is expected to fall back to pre-pandemic levels over the next two years.”
“Domestic travel is likely to improve as people get vaccinated.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen losing 0.1% on the day at 92.08.
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