Biden and Fed: here’s what we learned for the economy
Both the Fed and Biden had big meetings this week. Biden gave a “this-is-not-a-state-of-the-union” state of the union address on part 2 of his “infrastructure” plans. The Fed had a “we’re-not-tapering-and-inflation-is-temporary” meeting on monetary policy. Let’s quickly dive into both to see if we and the markets learned anything new for the economy.