The historic monetary and fiscal stimulus since the COVID-19 recession began has been nothing short of breathtaking. As Fed Chair Powell recently stated, the Fed will act “forcefully, proactively, and aggressively” in support of economic recovery. The Fed has a dual mandate – to achieve full employment and stable prices, which they have continually defined as sustained 2% core inflation. The Fed has stated very clearly that they plan on continuing historically accommodative monetary policy until the economy is in a sustainable recovery likely to avoid a replay of the Great Depression era by withdrawing monetary accommodation too early.
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.