A taper tantrum is unlikely to happen. But we have to wait to see how Jerome Powell discusses the rate hiking cycle.

Jim Caron

The Fed generally doesn't make a bet on political outcomes, but The Fed will react to the President Biden agenda going forward once the information is out.

The thing that we are going to watch most closely is if the Fed says anything along the lines of tapering of asset purchases, as long that doesn’t get mentioned, we are all good.