Federal Reserve raises outlook for U.S. economy, jobs
Clip: 06/16/2021 | 2m 44s | Video has closed captioning.
The Fed believes the economy will pick up steam. Officials now expect the U.S. economy will grow by 7%; that's above previous expectations of 6.5% and would represent a sharp rebound from where we were a year ago. Federal Reserve Chairman Jerome Powell expects the job market will pick up and the unemployment rate will drop to 4.5%.
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