Here’s what you need to know: Jerome Powell, the Fed chair, and Treasury Secretary Steve Mnuchin in September. In prepared remarks, the Fed chair said a vaccine is a hopeful sign for the medium term, but the spike in infections creates reason to worry in the near-term. Credit…Pool photo by Caroline BrehmanThe chair of the Federal Reserve and the secretary of the Treasury will paint starkly different visions of the challenges facing the United States economy in the months ahead on Tuesday, further exposing a rift that began to show earlier this month.While Jerome H. Powell, the …
