GOP senators didn’t secure enough support to move forward with Judy Shelton, the Trump nominee and outspoken central-bank critic, reducing her prospects as the window for a confirmation vote narrows.26
Coronavirus disruptions have transformed how American consumers behave by accelerating their embrace of digital commerce, and the changes are likely to prove permanent, according to businesses studying and adapting to the changes.
President-elect Joe Biden said during the campaign that he wanted to forgive hundreds of billions of dollars in student debt. Yet Senate Republicans have opposed Democratic proposals for large-scale debt forgiveness.
The University of Michigan’s index of consumer sentiment declined for the two weeks straddling the national elections, as Republicans grew more pessimistic and Democrats worried about a surge in coronavirus infections.
The economy has recovered from the coronavirus pandemic much quicker than expected, says Federal Reserve Bank of St. Louis leader James Bullard. He said continued risk-based health policy will be critical to maintaining economic momentum.