The economy should rise even in the absence of total herd immunity to coronavirus By Reuters

Pelosi knocks down the rumors of stimulus bills

© Reuters. FILE PHOTO: The Federal Reserve Building is shown in Washington, DC

WASHINGTON (Reuters) – The United States may struggle to achieve full herd immunity to coronavirus, but the economy can probably grow rapidly this year even without it, Richmond Federal Reserve Chairman Tom Barkin said on Friday. “Individual hesitancy is going to be a real barrier to herd immunity,” Barkin said in comments broadcast online to the Harrisonburg-Rockingham Chamber of Commerce in Virginia, citing estimates that perhaps 85% of the population would need to be vaccinated to avoid let the coronavirus circulate. . “The good news is, I’m not sure the economy requires it … There may still be some caution, but I hope that those who have been vaccinated have a high pent-up demand: meals, entertainment, travel … then vaccines , the warmer weather I hope companies begin to return to normal operations. ”

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.