The Economic Outlook – Optimism Despite the Challenges Ahead

Eric Rosengren ()

Speech from Federal Reserve Bank of Boston

Abstract: We enter 2021 with some optimism. The pandemic is likely to continue to be a problem for public health and the economy until widespread vaccinations take hold. Nonetheless, with substantial fiscal and monetary support, I expect a robust recovery starting in the second half of this year. I also expect that short-term interest rates near zero will be appropriate throughout this year, and that the Federal Reserve will continue to purchase long-term assets until the economy is on a stronger economic footing.

Keywords: economic outlook; recovery; COVID-19; public health; Main Street Lending Program (search for similar items in EconPapers)
Pages: 15
Date: 2021-01-12
Note: Virtual speech
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bostonfed.org/news-and-events/speeches ... hallenges-ahead.aspx Summary (text/html)
https://www.bostonfed.org/-/media/Documents/Speeches/PDF/20210112-text.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbsp:90900

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Spozio ().