Fed’s James Bullard: Coronavirus shutdown not a recession but an investment in survival – The Economic Times

That is the view of St. Louis Federal Reserve President James Bullard, who 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. It may seem an unconventional view in a moment of global anxiety.

via Fed’s James Bullard: Coronavirus shutdown not a recession but an investment in survival – The Economic Times

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