Brings reality to assumptions
Fed's Rosengren reminds us of the fact that we (and markets) know all. He said:
- The assumption that we wouldn't have a 2nd wave of virus and
- We would have fiscal policy were two wrong assumptions
He adds:
- The fate of Senate may impact size of fiscal support
The Senate will likely go down to the two runoff elections in Georgia. The GOP will go in with a 2 seat lead. If the Dems win both, however, the 50-50 would tilt in the favor of the Dems as the VP would cast deciding votes in the event of a tie.
