Global Macro Service > Research Briefings > United States

Macro Musings Opening salvo with more firepower in the wings

The nation’s economic policy makers took center stage this week. President Biden unveiled his latest economic proposal before a joint session of Congress and the Federal Reserve concluded its rate-setting policy meeting on the same day. The messages from both were as expected. Biden’s American Families Plan points to a huge expansion of the government’s role in the economy, and the Fed has no intention of abandoning its turbo-charged easy policy anytime soon.

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