Summers, a top advisor to former Presidents Clinton and Obama, argued that the Fed’s refusal to taper monthly asset purchases is equally dangerous.
Powell reiterated his commitment to easy money as the nation continues to recover from the novel coronavirus. His comments immediately boosted stocks.
The Infrastructure Investment and Jobs Act, passed by the Senate in August, will affect taxes in ways that are not yet decided or fully comprehended.
Attention shifting to a massive $3.5 trillion “human infrastructure” package through the budget reconciliation process.