"According to some interpretations of the Book of Revelations, when three unusual events occur together, they may be a sign that the apocalypse is near. "Does the recent election usher in a regime change with respect to growth prospects for the U.S. economy? His comments about federal contracts on Twitter, for example, slammed the stock prices of companies like Boeing. "There will likely ... be challenges to the current operating procedures of the Federal Reserve and to its independence. Noting that staff had added briefings on unemployment gaps by race to Fed board presentations, Lockhart said "it strikes me this reporting can go further."

Source: New York Times January 14, 2022 13:53 UTC