Business
The Fed remains dovish even as the Biden binge hits $US6 trillion – Sydney Morning Herald
The US central bank remains committed to its policies of ultra-low interest rates and large-scale bond-buying even as the Biden administration goes on an unprecedented…
The Fed, and Powell in his post-meeting comments, said little about the massive rise in US government spending ahead as the Biden administration rolls out its radical multi-trillion dollar program of economic and social reforms, although Powell made a passing reference to unprecedented fiscal policy actions.
The Biden administration unveiled its latest initiative on Wednesday, flagging $US1.8 trillion of spending and tax cuts in its American Families Plan. That follows the $US2.25 trillion in spending…
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