The 2021 World Bank and International Monetary Fund meetings begin on Monday … Fed Chair Jerome Powell speaks at the IMF meeting on Thursday at noon … President Biden gives Easter remarks Monday and speaks on the state of vaccinations in Virginia on Tuesday. Biden will deliver remarks on his “American Jobs Plan” on Wednesday. STOCKS RISE ON US JOBS NUMBERS — Via Reuters: “Global stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while U.S. bonds came under pressure on worries the Fed … may bump up interest rates sooner than it has indicated. “U.S. S&P500 futures traded 0.5% higher, maintaining their gains made during a truncated session on Friday though tech-heavy Nasdaq futures lagged behind, trading almost flat. In Asia, Japan’s Nikkei rose 0.8% while MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat, with China closed for Tomb-Sweeping day and Australia on Easter Monday.” BIDEN’S INFRASTRUCTURE FOCUS… INEQUALITY — Our Victoria Guida: “Republican lawmakers for years have longed to pass legislation that would rejuvenate the nation’s aging infrastructure and boost economic growth. They might finally get it with … Biden as president but with a focus they never counted on: targeting inequality. “Biden’s $2 trillion plan is aimed at boosting productivity — the key to raising wages and improving American living standards — by generating jobs, and bolstering transportation, communications systems and power lines. But he wants to do that not just by investing in the regions that already have the most potential but by also directing capital into underserved areas where people suffer the most from potholes, poor public transportation and lack of internet access. "It would represent the government’s most extensive bid to spend federal dollars not just on helping poor people but on revitalizing the places where they live: housing, child care centers, water systems, roads and public transit. It’s an ambitious experiment that is part of Biden’s pledge to combat racial and economic inequality.” BUTTIGIEG PROMISES PLAN WILL PAY FOR ITSELF — Our Maria Carrasco: “Transportation Secretary Pete Buttigieg … Biden's American Jobs Plan would pay for itself while upgrading infrastructure from decades past. ‘Right now, we're still coasting off of infrastructure choices that were made in the 1950s,’ Buttigieg said on NBC's ‘Meet the Press.’ ‘Now's our chance to make infrastructure choices for the future that are going to serve us well in the 2030s and on into the middle of the century.’ “‘Across 15 years, it would raise all of the revenue needed for these once-in-a-lifetime investments,’ he said. ‘So by year 16, you'd actually see this package working to reduce the deficit.’” WHY IT’S GONNA BE DEMS ONLY — Our David Cohen: “Speaking to host Chris Wallace on ‘Fox News Sunday,’ [Roy] Blunt said that of the $2 trillion .. only about 30 percent of it was truly dedicated to what has traditionally been called infrastructure. ‘I think there’s an easy win here for the White House if they would take that win, which is make this an infrastructure package, which is about 30 percent, even if you stretch the definition of infrastructure some, it’s about 30 percent of the $2.25 trillion we are talking about spending” MM SIDEBAR — I mean come on. Democrats won’t settle for anything much below Biden’s $2 trillion package. The idea that he will cut a couple small deals with the GOP is … absurd. | 
