“New US administration - what to look for next week”

Barney Frank, the former US Congressman shared his insights on the key priorities of the incoming Biden administration and the imperative for the President’s cabinet picks to balance growth with the fair distribution of wealth. The following key points were discussed during the interview: • With the shrinking trade-offs between inflation and unemployment, the Federal Reserve, under Jerome Powell and the Treasury, under nominated secretary Janet Yellen, are expected to significantly stimulate the US economy and introduce an enhanced COVID relief package through aid to the state and local governments • Biden administration not expected to usher in new trade deals, renew the TPP or participate in the RCEP unless measures to protect those who are hurt by the unfair terms of trade are put in place under nominated trade representative, Katherine Tai • Enforcement on financial regulation, supervision, consumer and investor protection will get a nudge up, under nominated SEC chairman, Gary Gensler, as well as partial amendments in the Dodd-Frank Act Larry Summers, Timothy Geithner, Henry M. Paulson, Elizabeth Warren, Bernie Sanders, Andrew Yang, Richard Neal Read More: https://bit.ly/35KyIq9 Follow The Asian Banker on LinkedIn: https://lnkd.in/eSue7G5 Facebook: https://lnkd.in/fD9q6dK Twitter: https://lnkd.in/eYYAFqw Instagram: https://lnkd.in/e5YQsr5

الفئة