Biden admin increasing economic policy coordination

 

Here:

Yellen spoke w/ her counterparts in the "Five Eyes" countries about fiscal policy and economic recovery, per @USTreasury readout

The group (US, Australia, UK, Canada, New Zealand) is increasingly being used for talks unrelated to spying, which is what it was created for

— Saleha Mohsin (@SalehaMohsin) April 27, 2021

France, Germany declared their support for Biden's 21% min corp tax

"I, personally, have nothing against the US proposal," @OlafScholz said

"If that is the result of negotiations, we would also be agreed," per @BrunoLeMaire

Via German newspaper @DIEZEIT

— Saleha Mohsin (@SalehaMohsin) April 27, 2021

Coordination of fiscal support for recovery and corporate tax policy coordination I don’t see how they can leave out interest rate policy and (to them) associated exchange rates...  post Trump how can the Fed raise rates and disadvantage US MAGA firms with a higher cost of capital and (to them) stronger USD when competing firms in Japan and EZ continue to have zero rates and (to them) weaker currencies .... imo post Trump it’s not going to happen... and Trump doesn’t even have his platform operational yet...

Powell Fed politicized by Trump and not primarily run by academic economists who have higher allegiance to some crack pot Monetarist theory than they do their own nation...