Multiple experts dispute the notion that those who do not immediately spend the proposed $1,400 stimulus checks back into the economy would be working against the stimulus effort.
February 7, 2021 | Controlling the Curve
John Mauldin John Mauldin is a renowned financial expert, a
New York Times best-selling author, and a pioneering online commentator. Each week, over 1 million readers turn to Mauldin for his penetrating view on Wall Street, global markets, and economic history.
If time is money, then interest rates are the price of time. The most important interest rates in the world are for US Treasury securities. This is why I’ve long said it makes no sense for a committee to set those rates. The markets could do just fine without that help, thank you. But the Federal Reserve’s Open Market Committee arbitrarily decides the overnight Federal Funds rate. And lately, it doesn’t stop there.
Stimulus checks: You have questions, we have answers
In this April 23, 2020, file photo, President Donald Trump s name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. (AP Photo/Eric Gay, File)
Published February 05. 2021 6:17PM | Updated February 06. 2021 12:00AM
Heather Long and Jeff Stein, The Washington Post
President Biden promised to get more relief to Americans quickly to help people survive financially until the pandemic is under control. A key part of Biden s proposal is to send another round of cash payments directly to U.S. households.