(Reuters) – Monetary policy will stay accommodative for a very long time because the U.S. economy is far from the Federal Reserve’s goals for maximum employment and price stability, Cleveland Fed Bank President Loretta Mester said Monday.
Fiscal aid that speeds up vaccine distribution and supports workers who are unemployed or underemployed could help stabilize the economy, Mester said during a virtual discussion organized by the Toledo Rotary Club.
(Reporting by Jonnelle Marte; Editing by Chizu Nomiyama)
