2 The combination of fiscal support and depressed discretionary services spending during the shutdown have enabled households to accumulate considerable  I am grateful to Kurt Lewis of the Federal Reserve for his assistance in preparing this text. These views are my own and do not necessarily reflect those of the Federal Reserve Board or the Federal Open Market Committee.
2 While the seven-day moving average of daily vaccine doses administered has declined from its mid-April peak, over half of the adult population has now been given at least one dose of the vaccine, and around 2 million doses were administered each day of the week ending May 5, the most recent available data.