TIMING THE NEXT $1,400 STIMULUS CHECKS (JAN 28 UPDATE)

Federal Reserve Chairman, Jerome Powell, this week said that stimulus checks will NOT cause inflation and encouraged Congress to ‘GO BIG’ on the upcoming stimulus bill. Let me remind you… This is the person who ‘owns’ the money printing press.

We also have some positive news coming out from the House of Representatives where the House Majority Leader Steny Hoyer moved up the date for the next Stimulus Bill vote from Mid-End March to Next Week, meaning that lawmakers will be able to vote on the next stimulus bill as early as Feb 1 — Feb 5.

Nancy Pelosi also noted that Committee Chairs are actively working on the next legislation for the Stimulus Bill, which also includes a reconciliation method in an event Republicans fight Democrats on the next bill.

Joe Biden in recent days also signaled that he is flexible with having the next Stimulus Bill being more targeted towards individuals which opens the floor for discussion among the Democrats who believe that the bill should be much more targeted towards the individuals who really need the funds in their bank accounts.

In all, we anticipate to have the next Stimulus Bill framework on the tables early to mid next week. Our sources also indicate that the next stimulus checks will be between $1,200 — $2,000 with possible ‘income brackets’ being introduced allowing the stimulus checks to range anywhere from $600 to potentially $2,000 per individual, depending on income levels.