Macro Briefing: 9 August 2021

* Will Biden reappoint Fed Chair Powell? Probably, an economist reasons
* UN climate panel warns climate change is ‘code red for humanity’
* Infrastructure bill on track to pass in Senate, perhaps as early as Monday
* Infrastructure bill’s economic impact will be modest, economists predict
* Pandemic won’t soon end, predicts former WHO epidemiologist
* Cash is arguably the least worst option for savers
* US payrolls rose in July at fastest pace in nearly a year
* Is last week’s jump in the 10yr-3mo Treasury yield spread the start of a reversal?

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