Fed’s Rosengren Says US Labor Markets May Stagnate Until Vaccine Is Widely Available By Reuters

© Reuters. File Photo: Federal Reserve Bank of Boston President and CEO Eric S. Rosengren speaks in New York

By Jonnelle Marte (Reuters) – The US economy could face significant weakness in the coming months until coronavirus vaccines are widely distributed, but those vaccines, combined with the greatest chances of fiscal stimulus under the president-elect Joe Biden, they could boost the economy in the long run, Federal Reserve Bank of Boston Chairman Eric Rosengren said Wednesday. “I expect the labor market to be stagnant for the next few months until we have much more widespread vaccinations,” Rosengren said in an interview with Reuters.

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