Fed's Daly says low rates of vaccination a risk to global economy
Reuters2021-07-09
July 9 (Reuters) - Low rates of vaccination in some regions of the world pose a threat to the United States as well as global economic growth, Federal Reserve Bank of San Francisco President Mary Daly told the Financial Times in an interview published on Friday.
Daly also said it was important for the rest of the world to reach higher rates of vaccination, and the inability to achieve that would be a "headwind" on U.S. economic growth
"I think one of the biggest risks to our global growth, going forward, is that we prematurely declare victory on COVID-19," Daly added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.