2020 Lessons, 2021 Priorities this post authored by Mary C. Daly
What lessons should we take from a difficult year - and what should our priorities be for 2021? Overcoming the harsh and uneven economic impacts of COVID-19 and returning to full employment and sustainable 2% inflation will be the Federal Reserve’s chief concerns. But success will require us to have confidence in the power of our tools.
The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Arizona State University Economic Forecast Luncheon on December 1.
Hello everyone. It’s safe to say that 2020 has been a year to remember. Twelve months ago, we were in the midst of the longest economic expansion in U.S. history. Unemployment sat near historic lows, wages and incomes were rising, and inflation was moving gradually back toward our 2% target.
Congressional Leaders Meet to Discuss Stimulus
Last Updated
This briefing has ended. Follow our latest coverage of
Here’s what you need to know:
Senator Chuck Schumer on his way to meet with Senate Majority Leader Mitch McConnell Speaker Nancy Pelosi, and Representative Kevin McCarthy. They have agreed that any additional pandemic aid should be wrapped into the year-end spending measureCredit.Anna Moneymaker for The New York Times
Congressional leaders scrambled on Tuesday to reach agreement on a stimulus bill and a catchall omnibus funding package to keep government funding flowing, meeting to try to hammer out critical spending deals ahead of a Friday deadline.
What Happens to the Unemployed When the Checks Run Out nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.