, Columnist
Fed Hawks Are Endangered in the Covid Slowdown
With the pandemic’s resurgence choking off an economic recovery, the doves are in charge.
You won’t see many of these when the Fed meets Wednesday.
Photographer: YURI CORTEZ/AFP/Getty Images
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It seems odd for familiar rhythms to continue in the time of Covid, but Wednesday will bring the latest announcement from the Federal Open Market Committee. It is easy to forget because, after some of the most dramatic months in central banking history, there is little question about what the Fed will do.