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Economic growth in 2021 could be the strongest in decades, NY Fed president says

john williams

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The US economy’s rebound from the coronavirus slump could fuel some of the strongest growth in recent memory, John Williams, president of the Federal Reserve Bank of New York, said.

With the pandemic’s winter resurgence fading, economists are looking ahead and gauging how fresh stimulus, falling case counts, and continued vaccination will aid the recovery. The market has been one step ahead, with investors rapidly dumping defensive assets for cyclicals and value stocks.

Fed officials have been somewhat tight-lipped with their outlooks. Chair Jerome Powell said Tuesday that vaccine rollouts “offer hope for a return to more details ⇒

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