“Economic activity rebounded robustly in the third quarter and has continued to recover in the fourth quarter ...” checks notes: NO. https://www.federalreserve.gov/newsevents/speech/clarida20210108a.htm
Speech by Vice Chair Clarida on the U.S. economic outlook and monetary policy

It is my pleasure to meet virtually with you today at the Council on Foreign Relations. 1 I regret that we are not doing this session in person, as we did

https://www.federalreserve.gov/newsevents/speech/clarida20210108a.htm
“fewer participants [December FOMC meeting] saw the balance of risks as weighted to the downside than in September. Although a little more than half of participants judged risks to be broadly balanced for economic activity.” .... FOMC. your track record in recoveries ain’t good.
“more than half of the 22 million jobs that were lost in March and April have been regained.” Good lord, that’s a low bar ... PS y’all still got a full employment mandate, right??
reminder: aggregates don’t tell the full story, not even close. here’s to add to your chart pack 👇👇 https://twitter.com/claudia_sahm/status/1346468073516089345
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