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Joe Biden took office pledging to “resolve the cascading crises of our era,” from the ongoing pandemic and its accompanying economic devastation to festering racial injustice and the existential threat posed by climate change. But even as his first 100 days have brought bold legislative proposals, they also laid bare the partisan divisions that make challenges like immigration reform more daunting. Here, Bloomberg Opinion columnists take the long view and offer metrics by which to judge the new president moving forward. We’ll track them in the coming months.
Confirmed Covid Cases and Deaths
Biden’s success in speeding up vaccination is incredibly valuable, providing long-term protection against Covid-19 infection while also likely reducing transmission of the virus. But vaccination isn’t a goal unto itself. It’s a way to reduce the virus’s incidence and counter its worst consequences.
I called Jay Powell’s bluff a week ago. Remember when he said last week that we’re still far from The Fed’s inflation targets?
Well, I was right to doubt him. The market didn’t like his change in tone Thursday (Mar. 5).
You see, when bond yields are rising as fast as they have, and Powell is maintaining that Fed policy won’t change while admitting that inflation may ” return temporarily ,” how are investors supposed to react? On the surface, this may not sound like a big deal. But there are six things to consider here:
It’s a significant backtrack from saying that inflation isn’t a concern. By admitting that inflation “could” return temporarily, that’s giving credence to the fact that it’s inevitable.
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Cathie Wood has become arguably the biggest name on Wall Street over the past year and Benzinga is giving you the chance to ask her anything about the market.
The founder and CEO of Ark Investment Management will join Benzinga on Wednesday afternoon for an exclusive interview on the Raz Report beginning at 2 p.m. ET.
In order to have your questions answered, you must sign up here to register. The show will air live on Benzinga s YouTube channel and BZ will also randomly select questions from the audience to ask during the interview.
Some of Wood s funds like the
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If Anyone Can Make Investors Happy, Itâs Janet Yellen
Feb 15 2021, 1:46 PM
February 11 2021, 3:30 PM
February 15 2021, 1:46 PM
(Bloomberg Opinion) If Treasury Secretary Janet Yellen means anything to business, labor and the world right now, it is as the avatar of the moral that luck is what happens when preparation meets opportunity.
(Bloomberg Opinion) If Treasury Secretary Janet Yellen means anything to business, labor and the world right now, it is as the avatar of the moral that luck is what happens when preparation meets opportunity.
Yellen, who was the only female chair of the 108-year-old Federal Reserve, has never done anything without exceptional due diligence. Her best-in-class career delivering financial stability bodes well as she manages the deeply depressed No. 1 economy rebounding from the largest contraction in gross domestic product since World War II and restores American prosperity.