Boston Fed President Eric Rosengren said in a speech, “assuming virus variants do not become especially problematic, we should see an unusually strong post-recession recovery.”
“The combination of accommodative monetary and fiscal policy, and consumers and firms well positioned to renew spending, should result in returning to full employment much more quickly than after the last financial crisis and Great Recession,” he added.
However, “many of the underlying problems that can disrupt financial stability – as at the outset of the pandemic – still need to be addressed.”
