Source: MPR News - Link
The Federal Reserve expects the U.S. economy to grow faster this year, although it still expects only a modest uptick in inflation.
The central bank issued its new forecast at the end of a two-day meeting. It comes as the public health outlook is improving and after Congress approved trillions of dollars in federal spending to help the country recover from the coronavirus pandemic.
Despite the more bullish forecast, the central bank echoed public health officials in cautioning that the pandemic is far from over.
I’m hoping that this does not juice the economy too much, but we know how to deal with that as well. The biggest impact is going to be the underlying restructuring that has taken place.