Fed's Bullard Predicts 6.5% U.S. Economic Growth in 2021

The transcript discusses the US economic growth forecast for 2021, highlighting a potential 6.5% growth rate, one of the fastest since the mid-1980s. It considers the impact of the rapid vaccine rollout and a $2 trillion stimulus on economic forecasts. The principal risk to the economy is identified as the potential spread of the virus, despite the successful vaccine rollout. The effectiveness of the vaccine strategy against virus variants is also discussed, with optimism about controlling the disease and achieving a positive outcome in the US.

What is the projected growth rate for the US economy in 2021?

• 4.5%

• 5.5%

• 6.5%

• 7.5%

What major event was expected to influence the economic forecasts?

• A decrease in oil prices

• A change in interest rates

• The $2 trillion stimulus package

• A new trade agreement

What is considered the principal risk to the US economy according to the transcript?

• Increasing unemployment

• A stock market crash

• The virus spreading again

• Rising inflation

How has the vaccine rollout been described in the transcript?

• Rapid and successful

• Delayed and problematic

• Slow and ineffective

• Moderate and ongoing

What gives hope for the vaccination strategy to succeed?

• Past success in controlling other diseases

• The development of new vaccines

• The decrease in global cases

• The increase in healthcare funding