Fed's Bullard Sees 'Very Strong' U.S. Economic Growth As Pandemic Eases In 2021

• The coronavirus pandemic should ease over the first half of the year and give way to "very strong" U.S. economic growth during 2021, St. Louis Fed President James Bullard said on Wednesday.
• "The health crisis will wane in the months ahead" as more people are vaccinated, Bullard said. As it does, families will be able to tap an "exceptionally high" level of savings and financial resources in hand after a year in which government programs pumped trillions of dollars into the economy.
• Bullard's bullish outlook suggests the U.S. unemployment rate could fall from the current 6.7% to as low as 4.8% "in the months ahead." That is higher than the 3.5% seen before the pandemic, but less, Bullard noted, than the median of 5.6% in the period after World War II.

(Source: Reuters)