Placeholder Image

Subtitles section Play video

  • you'll notice that we said that the the pandemic still still, um, provides considerable downside risks, uh, to the economy.

  • And that's one of the reasons why is that is the slowness of the roll out the other?

  • Another reason why is just three arrival of these new virus strains.

  • We don't know how toe We don't have a model that, you know, we can have a base case, but we realize no one knows how the how this new vaccine will roll out, how successful it will be, how high will be able to drive vaccination and those sorts of things.

  • We're gonna remain accommodative until we actually see improvement in the economy and not just, uh in the outlook in the data.

  • So that's that's how we think about about that.

  • And I would, I would also add, There's nothing more important to the economy now than than people getting vaccinated.

  • We're just not gonna be able to get that last group of people back to work, and it's a big group of people until we get the pandemic behind us.

  • We have not one this yet.

  • We haven't succeeded in doing this yet, and we need to stay focused on it as a country and get there.

  • And, you know, we clearly can, but we're gonna have to stay focused.

  • And that includes, you know, that includes us at the Fed monetary policy.

you'll notice that we said that the the pandemic still still, um, provides considerable downside risks, uh, to the economy.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it