Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, urged lawmakers in her confirmation hearing to “act big” to avert a protracted economic downturn and put aside concerns about the mounting national debt.

    The president-elect’s goals upon taking office include moves he can make quickly by executive order and others that require cooperation from Congress, where his party holds slim majorities.

    The World Economic Forum’s annual report concludes that the pandemic threatens to widen income and other disparities within and between societies, increasing the risks of a further fracturing inside some states and in international relations.

Global Calendar

WEDNESDAY, JAN 20
  • Central Bank of Brazil releases policy statement (BRA)
  • 10:00am ET
    Bank of Canada releases interest-rate announcement and monetary policy report (CAN)
  • 11:00am ET
    Bank of Canada’s Macklem holds press conference (CAN)
  • 12:00pm ET
    Bank of England’s Bailey speaks at virtual Citizens’ Panel forum (GBR)
THURSDAY, JAN 21
  • Bank of Japan releases policy statement and quarterly outlook report (JPN)

Data & Interactives

    Search policy maker comments going back to November 2013 using keywords and speaker names, and examine where market indicators stood when officials made their remarks.