With the uncertainty surrounding the presidential election now in the past, the focus for businesses shifts to the future. How will a new administration in Washington affect the pandemic response? Tax policy? Spending priorities? And what will those changes mean for the markets and the economy? In the latest installment of NJBIZ Conversations, Editor Jeff Kanige spoke with OceanFirst Financial Corp. CEO Chris Maher about the transition to a Biden administration, Janet Yellen’s upcoming tenure as Treasury secretary and why Congress should not have left town without passing a new stimulus package. “They should really be embarrassed that they are going home and leaving Americans in a position where so many can’t make plans, don’t understand what’s going to happen when their unemployment runs out — some of it runs out at the end of December. I will be hopeful that maybe we’ll find a way to do this; unfortunately, that’s looking unlikely,” he said. “I guess the next best thing is to have a very rapid response in January … but eight weeks is a terribly long time for most people.” Watch the full interview here.
