Fiscal Stimulus Bazooka Is Imminent
Policy makers in Washington, DC, worked over the weekend to try to put the finishing touches on a significant stimulus package to help cushion the economic and financial blow being delivered by the COVID-19 pandemic.
The Federal Reserve (Fed) is “all in” already. After Monday’s announcement, which we will discuss in another post , it is fair to say there is little more the central bank can do to support economic growth and financial markets while we fight the COVID-19 global pandemic. They have done a lot, and that’s an understatement.
It looks like we are headed toward loans from the Fe... Read more