In recent weeks the Committee’s outlook changed rapidly as a result of incoming data and anecdotal reports, demonstrating the importance of our constant and intense scrutiny of the economy. The Federal Reserve will continue to analyze the incoming information carefully and will act prudently and forcefully to provide the monetary and financial conditions that will foster price stability and promote sustainable growth in output.
12 The share of people ages 18 to 64 years old who are fully vaccinated is calculated using the percentage of people fully vaccinated on April 17 by age group according to the CDC’s COVID Data Tracker (available at https://covid.cdc.gov/covid-data-tracker) and then weighting each age group based on the U.S. Census Bureau’s 2019 population estimates (available at https://www2.census.gov/programssurveys/popest/technical-documentation/file-layouts/2010-2019/nc-est2019-agesex-res.csv) for the corresponding age group.