Free exchange: Tragic rerun: Joe Biden's economic record will be shaped by the Federal Reserve.

The article offers information on the U.S. President-elect Joe Biden's economic record which will be shaped by the Federal Reserve. It discusses that massive asset-purchase programmes have provided a modest fillip to demand, and bankers in Asia and Europe continue to experiment with new tools, by expanding their purchases beyond government bonds and setting caps on long-term interest rates; and mentions that a change in its leadership could give the Fed an opportunity to adjust its message.