Powell also elevated inflation-fighting as a more urgent priority than supporting job growth
Borrowing needs are starting to ease
A gap between the vaccine haves and have-nots is expected to widen
Approval of the sweeping tax package is likely at the G20 meeting Friday and Saturday
The coming year could prove to be the strongest for the U.S. economy in decades, say economists
The U.S. saw inflation rise by 5% over the last 12 months, the biggest jump since 2008
Many economists are forecasting that the U.S. economy will grow between 6% and 7% this year
Rising global interest rates pose a threat to the U.S. financial system, the Fed said in a recent report
GDP growth in the current April-June period is expected to be even faster
Economists believe the rising confidence will bolster economic growth