Boston Fed President Rosengren

Rosengren Sees Tailwinds Beyond Slow Vaccine Rollout

While the development and approval of two effective COVID-19 vaccines offer great promise that the public health crisis inflicted by COVID-19 will soon fade, the sputtering rollout of the vaccines is bogging down the economic recovery, the leader of the Federal Reserve Bank of Boston said Tuesday.

Rosengren Sketches Dire Picture of Economy

The unemployment rate will likely rise at least as high as it did in the wake of the 2008 financial crisis and the country’s GDP appears on track for two quarters of negative growth as the coronavirus pandemic continues to take its toll, the head of the Federal Reserve Bank of Boston said Wednesday.