Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020.
Susan Walsh | Reuters
As the economy booms over the next couple of months, the Fed will have a more difficult time defending its super-easy policies.
Economists expect the second quarter to grow by more than 9%, and the monthly jobs reports are likely to show very strong hiring, with job growth averaging more than1 million new payrolls in each of the next several months.
Already the reaction to March’s surprisingly strong jobs report could be a sign of more to come. March’s report Friday showed…