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Trump Says He May Reject Stricter FDA Vaccine Guidelines

Years of Near-Zero Interest Rates the Latest Bid to Spur Recovery in US, Canada

The Canadian and American central banks are pulling out all the stops to support the economic recovery, with the latest move being their indications that they expect to hold interest rates near zero over the next few years. However, as the COVID-19 pandemic persists, the hoped-for sustained revival in consumer borrowing and spending is anything but certain. In an unprecedented move on Sept. 16, the U.S. Federal Reserve said it doesn’t expect to raise its key interest rate until 2023, providing a very powerful signal that near-zero rates are here to stay for a long time.  A week earlier, the Bank of Canada had said, “The Governing Council will hold the policy interest rate at the effective lower bound [0.25 percent] until economic slack is absorbed so that the 2…

Trump Says He May Reject Stricter FDA Vaccine Guidelines

President Donald Trump on Wednesday questioned the need for tougher vaccine approval standards on the part of the Food and Drug Administration (FDA), saying the plan “sounded extremely political” and would be subject to White House approval.

According to multiple media reports, including by The New York Times and The Washington Post, unnamed sources said the FDA has been developing stricter guidelines for the emergency authorization of a COVID-19 vaccine, a plan that Trump was asked about at Wednesday’s White House briefing.

“We’re looking at that. That has to be approved by the White House. We may or may not approve it. That sounds like a political move,” Trump told reporters.

The president said he wants to avoid any unnecessary delay in the release of a vaccine, adding that he has “tremendous trust” in companies working on its development.

“When you have great companies coming up with these vaccines, why would they [the FDA] have to be, you know, adding great length to the process? We want to have people not get sick,” Trump said.

Citing two anonymous sources not authorized to publicly discuss the FDA’s expected new guidance, The Washington Post reported Tuesday that the more stringent standard, which the paper characterized as “far more rigorous than what was used for emergency clearance of hydroxychloroquine or convalescent plasma,” will include a requirement for a median of 2 months of data on clinical vaccine trial participants. This would make it more difficult for a vaccine to be cleared for distribution ahead of Election Day.

Trump has repeatedly said a vaccine could be ready as soon as October. At the briefing, he cited “great numbers and statistics and tests” that he said vaccine developers have been presenting in the course of clinical trials, adding that the companies have said they have a candidate that “absolutely works.”

“I don’t see any reason why it should be delayed further. Because if they delay it a week or 2 weeks or 3 weeks, you know, that’s a lot of lives you’re talking about,” Trump said.

Reporters at the briefing asked White House adviser Scott Atlas on the president’s remarks. He touted the administration’s initiative to fast-track a vaccine and therapeutics in record time, dubbed Operation Warp Speed, saying it was “highly likely” it would lead to a vaccine in “far less than one year” compared to the usual four, without shortcuts on safety.

“But there is zero cutting of safety concerns,” he said, adding: “there should be no hesitation about the safety. You shouldn’t be punished by doing something faster than other people could have done or thought; it’s the opposite. We have a pandemic. The urgency is the pandemic, not politics,” he said.

Democrats and some health experts have raised concerns about political pressure in the race for a COVID-19 vaccine.

The FDA did not immediately respond to a request for comment.

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Focus News: Trump Says He May Reject Stricter FDA Vaccine Guidelines

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