According to the article, the leaders of the US Federal Reserve banks differ in their views on what it will take to get the country’s economy back on track in a troubling surge in coronavirus infections. The St Louis Fed President James Bullard says that the economy can recover if households are just shoved in the right direction, where he means to push them to wear masks and take other steps that health officials have urged. For the New York Fed President John Williams, he believes a full economic recovery will have to wait for a vaccine, with the health crisis putting a question mark on the economy. Whereas, Minneapolis Fed President Neel Kashkari has called for a four to six-week national lockdown to try to stop the pandemic.
Likewise, Pfizer Inc announced that there experimental COVID-19 vaccine is more than 90 percent effective, according to initial trials. However, the very large rise in COVID-19 cases recently clearly puts a question on the ability of the economy to getting back on track.
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