How To Achieve A V-Shaped Recovery Amid The COVID-19 Pandemic
from the St Louis Fed
– this post authored by Yi Wen, Assistant Vice President and Economist, and Brian Reinbold, Research Associate
The COVID-19 pandemic could result in an economic decline that rivals the Great Depression. The Federal Reserve has already set the federal funds rate to close to zero and commenced purchasing massive amounts of securities, and the U.S. government has sent out stimulus checks and implemented emergency lending programs totaling over $2 trillion to stimulate the economy.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202006140549
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