If confirmed by the Senate, Cook would be the first Black woman on the Fed’s board of governors.
Economists expect growth to accelerate in the second half of the year once COVID-19 vaccines become more widely distributed.
The environment is degrading, an aging population needs care, and wages are stagnant. And that was before COVID-19. A job guarantee could address it all.
The economists said that employment, income and spending fell sharply as the coronavirus outbreak shut down businesses nationwide.
The leap in their fortunes is thanks to the Trump tax cuts and lower interest rates.
Economist Mohamed A. El-Erian explains why we need an "economic Sputnik moment."