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Patience And Progress As The Economy Reopens And Recovers, Federal Reserve Governor Lael Brainard, At The Road To Recovery And What s Next, A Virtual Conference Sponsored By The Society For Advancing Business Editing And Writing (Via Webcast) Date 11/05/2021 I want to thank Heather Long and the Society for Advancing Business Editing and Writing for inviting me to join you today.1 Strong fiscal support and increasing vaccination rates drove a strong rebound in activity in the first quarter, and the second quarter looks to be even stronger. The outlook is bright, but uncertainty remains, and employment and inflation are far from our goals. While more balanced than earlier this year, risks remain from vaccine hesitancy, deadlier variants, and a resurgence of cases in some foreign countries. The latest jobs report is a reminder that the path of reopening and recovery like the shutdown is likely to be uneven and difficult to predict, so basing monetary policy on ....
U.S. Economic Outlook And Monetary Policy: An Update, Federal Reserve Governor Lael Brainard At The C. Peter Mccolough Series On International Economics, Council On Foreign Relations, New York, New York (Via Webcast) Date 02/03/2021 It has been one year since the first wave of the COVID-19 pandemic hit our shores a year marked by heartbreak and hardship. We are all looking forward to a brighter time ahead, when vaccinations are widespread, the recovery is broad based and inclusive, and services, schools, sports, and social life are in person. The expected path of the U.S. economy has strengthened with the prospect of widespread vaccinations and additional fiscal stimulus, but risks remain, and we are currently far from our goals.1 ....