The FED chair has reiterated his stance on how he views the economy moving forward. He states that the situation still looks fragile and uncertain. Although he is acknowledging the welcome announcement of vaccines. He still envisages it is going to be tough to administer a program for them to reach the population. He also sees possible issues in their distribution and storage. Thus he is still maintaining that the next 3-4 months are going to be tough on the economy. He offers an uncertain economic outlook. As he believes people have to have the confidence to be able to go back into normal activities. That feed into economic health. The relief programmes in place and their continuation. Is another topic he touched upon. Stating that the fed has been feeding credit as fast as they can. However, there are only 4 ongoing programmes left. All the others have been stopped by the treasury.
