Kopi Time E044: Mark Sobel on the US economy and Biden’s agenda

Mark Sobel, former Deputy Assistant Secretary for international monetary and financial policy at US Treasury, joins Kopi Time to offer astute insights on the US economy and President Biden’s agenda.  We touch on the following: Loss of rebound momentum in recent US economic data A scenario of sharp 2H21 pick-up in demand around successful vaccine rollout and a large fiscal stimulus What we should expect in the Biden rescue bill Expectation of the near and medium term growth impact of a trillion plus stimulus Likely relationship between the current Fed chairperson (Powell) with the former chairperson (Treasury Secretary Yellen) US near- and medium-term inflation outlook Conditions under which Fed tapering will be on the table  Area of concern on financial stability Outlook for the USD  President Biden’s China strategy  Outlook for emerging market economies See omnystudio.com/listener for privacy information.