Economy

Fed’s Kaplan says the U.S. economy will see above-trend growth in 2021

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Dallas Federal Reserve President Robert Kaplan said the U.S. economic growth will accelerate next year as the country rebounds from the coronavirus crisis.

“In ’21, we will see an above-trend growth, and we will continue to grind down the unemployment rate,” Kaplan said on CNBC’s “Closing Bell” on Tuesday. “I still believe if we follow these protocols, we would see a rebound from the deep hole we dug in the second quarter.

“The question is when you get to a normalized economy, and it’s going to depend on the path of the virus and how well we manage it, and the timing of the vaccine,” Kaplan added. “I’m optimistic we will work our way through this. But it would be a lot less costly if we…



Source cnbc.com

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