In remarks prepared for a virtual event organized by the Greater Boston Chamber of Commerce, Boston Federal Reserve Bank President Eric Rosengren that the US economy could see a strong rebound in the second half of this year. Rosengren expects vaccinations will become widely available but noted that the virus is still driving the economy and how monetary policy will remain accommodative. “The pandemic is likely to continue to be a problem for public health and the economy until widespread vaccinations take hold.” “Nonetheless, with substantial fiscal and monetary support, I expect a robust recovery starting in the second half of this year.” Rosengren also said tat he expects consumption to rise, and for the unemployment rate to drop, in the second half of the year as vaccinations are distributed. Low interest rates should continue to support the housing market and the labor market could see strong gains over the next two years, Rosengren said. But he does not expect inflation to reach the Fed’s 2% inflation target in that same time frame, suggesting that short-term interest rates are likely to stay “very accommodative,” he said. Market implications The greenback is correcting within monthly demand territory but is weighed by ongoing speculation of lower rates for longer and on going stimulus measures. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cryptocurrencies Price Prediction: Zilliqa, Chainlink & Polkadot – American Wrap 12 January FX Street 1 year In remarks prepared for a virtual event organized by the Greater Boston Chamber of Commerce, Boston Federal Reserve Bank President Eric Rosengren that the US economy could see a strong rebound in the second half of this year. Rosengren expects vaccinations will become widely available but noted that the virus is still driving the economy and how monetary policy will remain accommodative. “The pandemic is likely to continue to be a problem for public health and the economy until widespread vaccinations take hold.'' “Nonetheless, with substantial fiscal and monetary support, I expect a robust recovery starting in the second half of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.