Fed QE Mistake, U.S. Covid Relief, Roaring 2020s: Eco Day

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Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • Federal Reserve Chair Jerome Powell heads into what could be his last year atop the central bank determined not to repeat the quantitative easing mistake he made when he was a neophyte monetary policy maker seven years ago
  • Janet Yellen won confirmation to become U.S. Treasury secretary, building out President Joe Biden’s team as the administration fights for a $1.9 trillion Covid-19 relief plan
  • The 1920s roared after a pandemic. As the U.S. suffers through another, it’s tempting to ask whether history will repeat itself
  • New U.S. restaurants continued to open last year at a relatively fast pace despite the pandemic
  • Brazil’s central bank discussed increasing its interest rate at last week’s policy meeting amid rising inflation expectations and gradual resumption of economic activity
  • South Africa is vulnerable but Brazil, India, Indonesia, Mexico and Russia are less exposed to Covid debt risk among emerging nations, Bloomberg Economics analysis shows

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