Fed QE Mistake, U.S. Covid Relief, Roaring 2020s: Eco Day

Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

Federal Reserve Chair Jerome Powell heads into what could be his last year atop the central bank determined not torepeat the quantitative easing mistake he made when he was a neophyte monetary policy maker seven years ago
Janet Yellen won confirmation to become U.S. Treasury secretary, building out President Joe Biden’s team as the administration fights for a$1.9 trillion Covid-19 relief plan
The 1920s roared after a pandemic. As the U.S. suffers through another, it’s tempting to ask whetherhistory will repeat itself
NewU.S. restaurants continued to open last year at a relatively fast pace despite the pandemic
Brazil’s central bank discussedincreasing its interest rate at last week’s policy meeting amid rising inflation expectations and gradual resumption of economic activity
South Africa is vulnerable but Brazil, India, Indonesia, Mexico and Russia are less exposed toCovid debt risk among emerging nations, Bloomberg Economics analysis shows