Fed’s Daly says low vaccination rates a risk to global economy – FT

FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo

(Reuters) -Low vaccination rates in some regions of the world pose a threat to the United States and global growth, Federal Reserve’s Mary Daly told the Financial Times on.ft.com/3e22TgK, adding that the central bank was fully committed to eliminating shortfalls in employment.

Daly, president of the Federal Reserve Bank of San Francisco, said it was important for the rest of the world to reach higher rates of vaccination, and the inability to achieve that would be a “headwind” on U.S. economic growth.

“I think one of the biggest risks to our global growth, going forward, is that we prematurely declare victory on COVID-19,” Daly said in the interview published on Friday.

In the minutes of the central bank’s June policy meeting released on Wednesday, “various…

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