Federal Reserve's Daly says low rates of vaccination a risk to global economy

Published Fri, Jul 9, 2021 · 01:40 PM

[NEW YORK] Low rates of vaccination in some regions of the world pose a threat to the United States as well as global economic growth, Federal Reserve Bank of San Francisco President Mary Daly told the Financial Times in an interview published on Friday.

Ms Daly also 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 US economic growth "I think one of the biggest risks to our global growth, going forward, is that we prematurely declare victory on Covid-19," Ms Daly added.

REUTERS

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here