Moving Toward a Broad-Based Sustainable Economic Recovery in the U.S

Loretta Mester

Speech from Federal Reserve Bank of Cleveland

Abstract: I do wish we could be meeting in person today – not just because London is one of my favorite cities but because it would mean that the scourge of the pandemic was behind us. Unfortunately, we are not there yet. The next few months will be challenging ones, as many countries, including yours and mine, continue to struggle with the increasing number of new cases of the virus as we await wider distribution of vaccines. Nonetheless, as we all turn the page on 2020, the prospects are good for a much more favorable 2021. Today, I will discuss why I think that is the base case. Of course, the views I’ll present are my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee.

Pages: 18
Date: 2021-01-12
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