Fed's pandemic era outlook, stance 'about right,' say economists: Poll

Ten respondents said the Fed's projections were "too pessimistic" and only five said "too optimistic

The Federal Reserve struck the right tone in its first pandemic-era economic outlook, suggesting years of extraordinary policy support for an economy facing a slow and long slog back, according to a majority of economists in a Reuters poll.

While the June 15-22 poll of over 100 economists showed a recovery from the steepest economic downturn was underway as commerce reopens, the loss of output in the first half of this year was not expected to be recouped by the end of next year.

The central bank at its policy meeting on June 10 pledged to keep monetary policy loose for years