Fed's Rosengren: Unemployment to fall back to pre-pandemic levels over the next couple of years

Comments from the Fed's Rosengren:

• US economy should experience a significant rebound this year
• Labor-market slack still significant, and inflation still below the Fed's 2% target
• Current highly-accommodative stance of monetary policy is appropriate
• Recovery depends on vaccines remaining effective against new variants

There's nothing new here and certainly no softening on the plan to be very patient with rates.