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Remaining Steady As The Economy Reopens, Federal Reserve Governor Lael Brainard, At The Economic Club Of New York, New York, New York (via webcast)

<p><span>It is a pleasure to join the Economic Club of New York for this discussion.</span><a href="https://www.federalreserve.gov/newsevents/speech/brainard20210601a.htm#fn1" title="footnote 1"><span>1</span></a><a name="f1"></a><span>&nbsp;Consumer demand is strong, vaccine coverage is expanding, and pandemic-affected sectors are reopening in fits and starts. As was the pandemic shutdown with its ebbs and flows, the reopening is without precedent, and it is generating supply&ndash;demand mismatches at the sectoral level that are temporary in nature. Separating signal from noise in the high-frequency data may be challenging for a stretch. The supply&ndash;demand mismatches at the sectoral level are making it difficult to precisely assess inflationary developments and the amount of resource slack from month to month.</span></p> ....

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GM to Restart Work at Several Plants Idled by Computer-Chip Shortage &#x2014; Update


Provided by
Dow Jones
By Nora Naughton
General Motors Co. said Thursday it is restarting production at a handful of factories that were previously idled because of a global shortage of semiconductors.
The Detroit-based auto maker plans to resume some production at a factory in Michigan next month, after halting work at the facility in early May. It also plans to restart several auto factories in Canada, Mexico and South Korea within the next several weeks that make models such as the Chevrolet Equinox and GMC Terrain crossover vehicles.
Despite the reopening of these facilities, GM Chief Executive Mary Barra has said the company expects the second quarter to be the auto maker s weakest in terms of reduced production before some recovery occurs in the back half of the year. ....

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The Future Of Electric Cars Under Biden's Infrastructure Plan


Listen • 9:40
A view of electric car chargers on Sept. 23, 2020 in Corte Madera, California. (Justin Sullivan/Getty Images)
President Biden’s $2 trillion infrastructure plan includes a vision to rev up the American market for electric cars.
The push for electric vehicles isn’t just coming from the federal government. Many major automakers have also announced their plans for electric cars. Nora Naughton, auto reporter for The Wall Street Journal, says the move has been “a long time coming.”
Electric cars are complex and can’t be engineered overnight, she says. But largely, U.S. companies have noticed the globalized industry for electric cars growing in places like China and Europe, where companies must follow strict emissions regulations, she says. ....

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Future Of Electric Cars Looks Up As Biden Fuels Industry With Infrastructure Plan


A view of electric car chargers on Sept. 23, 2020 in Corte Madera, California. (Justin Sullivan/Getty Images)
President Biden’s $2 trillion infrastructure plan includes a vision to rev up the American market for electric cars.
The push for electric vehicles isn’t just coming from the federal government. Many major automakers have also announced their plans for electric cars. Nora Naughton, auto reporter for The Wall Street Journal, says the move has been “a long time coming.”
Electric cars are complex and can’t be engineered overnight, she says. But largely, U.S. companies have noticed the globalized industry for electric cars growing in places like China and Europe, where companies must follow strict emissions regulations, she says. ....

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