The bank's net income fell to $3.23 billion from $4.91 billion a year ago
Corporate tax policy is likely to be the main market-mover
The bank announced plans to buy Eaton Vance, an investment management firm, on Thursday
Lack of further economic aid from the government could spell disaster
America's employers added 661,000 jobs in September, but nearly 10 million jobs remain lost
A big rebound is expected in the third quarter
The typical white family had eight times the wealth of Black families and five times the wealth of Hispanic families, a Fed report said
Both officials stressed that major sectors of the economy are still suffering
Biden would be less intrusive with the Federal Reserve, but corporate taxes would increase
Fed also announced plan to push inflation above 2% annually