by Timothy McQuiston, Vermont Business Magazine Regular weekly unemployment claims last week fell by 157, and were under 1,000 for the first time this year and the first time since last fall. Numbers increased nationally, which was not expected. Economists suggest 2021 is off to a sluggish start.
A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy in the week ahead. In the past week, expectations for a strong economic rebound helped boost interest rates. While the broader stock market was choppy, sectors that do well in a rebound .
How Janet Yellen can help deliver the digital dollar
Updated on February 22, 2021
US Treasury Secretary Janet Yellen set Twitter ablaze during her confirmation hearing when she suggested that policymakers might “curtail” cryptocurrencies. The next day she gave a full written answer that highlighted the potential of digital currencies to foster financial inclusion, calming down the cryptosphere for a while. But the incident raised an urgent question: What precisely will the US Treasury Department do about the rise of digital currencies?
Given the sensitivity of the issue and other pressing problems, it would be understandable for Joe Biden’s new economic team to move slowly here. That would be a mistake: Secretary Yellen and Federal Reserve Chairman Jerome Powell should quickly harness the potential of these evolving financial tools, including a US-backed digital dollar.
Critics say Biden s go big stimulus overshoots the pandemic-sized hole in the economy msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.