The next 100 days
Wells Fargo Investment Institute analysts weigh in on the economic impacts of President Biden’s first 100 days in office, and what they expect looking ahead.
April 1, 2021: “We don’t think that the deficit will so much be inflationary as it will probably slow economic growth into the years ahead as the government will have to raise taxes in order to service and pay off that debt.” Paul Christopher, head of Global Market Strategy for Wells Fargo Investment Institute, discusses factors that have kept inflation down as the U.S. deficit has risen over the last 12 months, and what to expect over the long term.
March 23, 2021: “Perhaps one of the big lessons of this recovery is the importance of the speed and size of coordinated government response, both in fiscal and monetary policy,” said Darrell Cronk, chief investment officer of Wells Fargo Wealth & Investment Management, looking back on the 12 months since the market bottom that came as the COVID-19 pandemic hit the U.S.
Viewpoints: For people experiencing poverty and facing challenges like eviction, paying for legal services is often difficult without the necessary resources and support, writes Steve Gottlieb, executive director of Atlanta Legal Aid Society.
Wells Fargo’s support of the Society for Financial Education & Professional Development’s Student Ambassador Program increases career opportunities and financial education for students at historically Black colleges and universities.