US | Entering troubled policy waters

Last week, the Fed made clear that it would do its part to support the economy for the long haul, providing powerful dovish forward guidance. This week Fed officials hammered home that the central bank can’t go it alone and more fiscal policy support is needed.

What you will learn:

  • Our US National Recovery Tracker confirmed that the recovery slowed to a crawl in mid-September with a deterioration visible across most states and all regions in our State Recovery Trackers.
  • While new life has been breathed into fiscal stimulus negotiations, the risk that policymakers fail to reach a deal is real. 
  • Our latest analysis of Biden’s budget blueprint shows favorable growth implications.

Topics: United States, Fiscal stimulus, Federal Reserve, Coronavirus, Recovery Tracker, US election, Presidential election, US economy, North America

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