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MNI BRIEF:Still 'In Depth' of Covid Recession--Fed's Rosengren

(MNI)

Boston Fed President Eric Rosengren said Monday the U.S. economy is still "in the depth of it" when it comes to the Covid-19 slump, and that a hoped-for recovery later this year is highly dependent on the path of the virus and the pace of vaccine rollouts.

"I hope over the course of the spring we're really talking about a significant recovery but I think it does depend on … some of the public health outcomes," he said.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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