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 Fed’s Bullard: Coronavirus shutdown is not a recession but an investment in survival

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Fed’s Bullard: Coronavirus shutdown is not a recession but an investment in survival Vide
PostSubject: Fed’s Bullard: Coronavirus shutdown is not a recession but an investment in survival   Fed’s Bullard: Coronavirus shutdown is not a recession but an investment in survival Icon_minitimeMon Mar 23, 2020 12:13 am


  • St. Louis Federal Reserve President James Bullard argues that a potential $2.5 trillion hit coming to the economy is both necessary and manageable if officials move fast and keep it simple.
  • Bullard argues the shutdown measures now being rolled out are essential to shortening the course of the pandemic.
  • They must also be coupled with massive federal government support, he says, to sustain the population through its coming isolation and prime the economy to pick up where it left off.
  • Bullard’s ballpark estimate is that unemployment could hit 30%, higher than in the Great Depression and three times more than the 2007-2009 recession.

Fed’s Bullard: Coronavirus shutdown is not a recession but an investment in survival 106455153-1584807862441gettyimages-1213805515

https://www.cnbc.com/2020/03/22/feds-bullard-coronavirus-shutdown-not-a-recession-an-investment-in-survival.html
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Fed’s Bullard: Coronavirus shutdown is not a recession but an investment in survival

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