Week InAdvance: September 21, 2020
Mon Sep 21 Fed Board meets on Community Reinvestment Act. | Tue Sep 22 September Equinox. Powell, Mnuchin appear before House panel. | Wed Sep 23 SEC to decide whether to adopt new shareholder resolution filing rules. Powell will face questions on the economic fallout from the pandemic and the fiscal stimulus. | Thu Sep 24 SEC's LabCFTC to host Empower Innovation 2020. Powell, Mnuchin testify before Senate Banking Committee. | Fri Sep 25 FSOC meets on secondary mortgage markets and short-term wholesale funding markets.
Governments around the world are walking a tightrope between easing coronavirus lockdowns to revive economic growth, and controlling any resurgence of Covid-19. Globally, 30 million people have been infected with the virus, and the death toll is approaching 1 million. Israel is so far the only developed country in the world to go into a second lockdown. Taiwan and Thailand are powering ahead; Europe has seen a jump in cases.
New York City has postponed its public school reopenings again, to Oct. 1 for some grades, while Hong Kong plans to resume face-to-face classes in phases.
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