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Fed Takes U.S. Fiscal Temperature in New Era of Biden: Eco Week

  • New IMF forecasts, policy makers speak at Davos Agenda
  • Weekly take on events in the world economy and their fallout
Jerome Powell

Jerome Powell

Photographer: Al Drago/The New York Times/Bloomberg

U.S. Federal Reserve officials will meet this week for the first time since Democrats took control of the Senate earlier this month, which has raised the odds of new President Joe Biden and his congressional allies passing a big pandemic relief package.

At the conclusion of the central bank’s two-day policy meeting on Wednesday, Fed Chair Jerome Powell will give the public a sense of how he and his colleagues evaluate the impact of the fiscal shift on the economic outlook amid rising Treasury yields and a stock market pushing to new record highs.