* The pandemic-impacted economy and Administration efforts to combat it have become dominant in news cycles and GOP talking points. Largely overlooked is a key economic adviser to President Biden, the chair of the White House’s Council of Economic Advisers. That person is Cecilia Rouse, the first African-American to hold this position. She was confirmed by the Senate, 95-4.
* “Given the size of the federal government’s fiscal responses to the pandemic, there is more risk of inflation than has been the case in recent decades. But there is also a risk of doing too little, leaving our labor and capital resources underemployed and, as a result, losing incomes the economy could have created. I believe the Biden administration has been correct to go big with pandemic rescue policies.”–Washington University economist Steve Fazzari.
* “Amtrak Joe”: The nickname of President Biden for being enamored of train travel.