By David Lawder WASHINGTON (Reuters) - As the world's wealthy democratic powers roll out new sanctions against Russia in response to horrifying images of
By Ann Saphir (Reuters) - As the White House and Congressional Democrats press for a $1.9 trillion pandemic relief package that many Republicans say is more than what the country needs or can afford, Federal Reserve policymakers are also split on the issue. We are still in the teeth of this pandemic - and we are not out of the woods yet, Dallas Fed President Robert Kaplan told the Chicago Council on Global Affairs in an online event Monday. He forecast, as vaccines get rolled out and more businesses can reopen, the U.S. economy will likely grow about 5% this year, enough to push unemployment down to 4.5%, from 6.7% in December.
Fed policy makers, like lawmakers, split on need for more fiscal aid
As the White House and Congressional Democrats press for a $1.9 trillion pandemic relief package that many Republicans say is more than what the country needs or can afford, Federal Reserve policymakers are also split on the issue.
“We are still in the teeth of this pandemic – and we are not out of the woods yet,” Dallas Fed President Robert Kaplan told the Chicago Council on Global Affairs in an online event Monday.
He forecast, as vaccines get rolled out and more businesses can reopen, the U.S. economy will likely grow about 5% this year, enough to push unemployment down to 4.5%, from 6.7% in December.
Fed policy makers, like lawmakers, split on need for more fiscal aid By Ann Saphir
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC
(Reuters) – As the White House and Congressional Democrats press for a $1.9 trillion pandemic relief package that many Republicans say is more than what the country needs or can afford, Federal Reserve policymakers are also split on the issue.
“We are still in the teeth of this pandemic – and we are not out of the woods yet,” Dallas Fed President Robert Kaplan told the Chicago Council on Global Affairs in an online event Monday.
He forecast, as vaccines get rolled out and more businesses can reopen, the U.S. economy will likely grow about 5% this year, enough to push unemployment down to 4.5%, from 6.7% in December.