As US prospects brighten, Fed chief sees risk in global vaccination pace
WASHINGTON (NYTIMES) - Jerome Powell, the Federal Reserve chair, stressed on Thursday (April 8) that even as economic prospects look brighter in the United States, getting the world vaccinated and controlling the coronavirus pandemic remain critical to the global outlook. "Viruses are no respecters of borders," Mr Powell said while speaking on an International Monetary Fund panel. "Until the world, really, is vaccinated, we're all going to be at risk of new mutations and we won't be able to really resume activity with confidence all around the world." While some advanced economies, including the US, are moving quickly toward widespread vaccination, many emerging market countries lag far behind: Some have administered as little as one dose per 1,000 residents. Mr Powell joined a chorus of global policy officials in emphasizing how important it is that all nations - not just the richest ones - are able to widely protect against the coronavirus. Kristalina Georgieva, IMF managing director, said policymakers needed to remain focused on public health as the key policy priority. "This year, next year, vaccine policy is economic policy," Ms Georgieva said, speaking on the same panel. "It ...
