Clouds gather as a man rides past the Federal Reserve building in Washington on January 22. While the Fed will want to normalise monetary policy, the outlook for US growth, employment and inflation remains unclear. Photo: Bloomberg Clouds gather as a man rides past the Federal Reserve building in Washington on January 22. While the Fed will want to normalise monetary policy, the outlook for US growth, employment and inflation remains unclear. Photo: Bloomberg
Clouds gather as a man rides past the Federal Reserve building in Washington on January 22. While the Fed will want to normalise monetary policy, the outlook for US growth, employment and inflation remains unclear. Photo: Bloomberg
David Brown
Opinion

Opinion

Macroscope by David Brown

As Biden gets into gear, could a Federal Reserve interest rate rise be on the cards?

  • The Fed’s dilemma is whether the new US president’s stimulus plan risks overheating the US, given that the economy is being swamped with liquidity from the central bank’s bond buy-back scheme

Clouds gather as a man rides past the Federal Reserve building in Washington on January 22. While the Fed will want to normalise monetary policy, the outlook for US growth, employment and inflation remains unclear. Photo: Bloomberg Clouds gather as a man rides past the Federal Reserve building in Washington on January 22. While the Fed will want to normalise monetary policy, the outlook for US growth, employment and inflation remains unclear. Photo: Bloomberg
Clouds gather as a man rides past the Federal Reserve building in Washington on January 22. While the Fed will want to normalise monetary policy, the outlook for US growth, employment and inflation remains unclear. Photo: Bloomberg
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.