As more companies announce they have vaccines, people are optimistic business and life will start returning to normal, but the Federal Reserve Bank of Kansas City is being cautious.
According to Nate Kauffman, “Some of the effects of the pandemic still have the potential to linger, and so wanting to see that there is more sustainable growth and momentum for the economy before really altering some of those policies and some of the plants that have been set forth. So we do know those things take time to play out in the economy.... and some the lasting gains do persist.”
The Kauffman, the VP and Executive of the Omaha branch, says that they look at several things to indicate how the economy is doing, from ag to real estate, hiring decisions and labor markets, before any changes to in interest rates.
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