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Powell progresses, Budget next up

Key Takeaways

  • Chair Powell got through Senate confirmation hearing and is on path to second term.  Biden nominates three more Board Members: two blacks, two women: more diversity.
  • Fed rate decisions: surprise vs telegraph – Fed telegraphing March increase.
  • Congressional appropriators meet to try and find agreement on budget for current fiscal year as February 18 deadline approaches.
  • Biden/Democratic agenda: voting rights legislation dies but hope for some election reform.

Powell and Fed

Last week F...

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