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A top Federal Reserve official said the central bank will need to decide on how to communicate its intentions to continue buying government assets but that broader changes to its policy stance, including by altering those purchases right now, weren’t needed. In an interview Tuesday, Dallas Fed President Robert Kaplan said after getting through what he expectedContinue reading “Dallas Fed President Kaplan: Guidance Will Be Needed on Asset Purchases”
Joe Biden has been here before. Twelve years ago, as Barack Obama’s newly elected vice president, Mr. Biden inherited an economy laid low by a once-in-a-century crisis. The good news is that, unlike then, the recovery from the pandemic-driven economic contraction is now under way and with vaccines about to be approved, an end to the latestContinue reading “Biden to Have a Better Economy in 2021 Than in 2009, But Worse Options”