Federal Reserve Board Member Sees Delta Strain As Threat To Global Economic Recovery

Mary Daly, President of the Federal Reserve Bank of San Francisco and member of the Federal Reserve Board, said in an interview with the Financial Times that the spread of the COVID-19 delta strain and low vaccination rates in several regions of the world pose a threat to the global economic recovery. In this regard, Ms. Daly, who is also a member of the Federal Reserve Committee on Open Markets, called for caution in curtailing monetary support for the US economy.

“I believe that one of the biggest risks to the recovery of global growth was that we prematurely declared victory over COVID,” said Mary Daly. “We are not past the pandemic, we are just going through it.” Ms Daly also mentioned the problems faced by countries with low vaccination rates since the arrival of the delta strain. All these factors can, in her opinion, affect the American economy. “If the global economy suffers from low vaccination rates and COVID continues to haunt us, it could slow down American growth. High vaccination rates look great, but look at all the places where there is no such thing yet, ”said a member of the Federal Reserve Board.

According to Johns Hopkins University, since the beginning of the pandemic, more than 185 million cases of coronavirus have been registered in the world, almost 4 million people with confirmed COVID-19 have died. Most cases of coronavirus are still recorded among Americans.

On the progress in the fight against coronavirus in the United States – in the material of “Kommersant” “Strain of Independence.”

Evgeny Khvostik

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