Fed's Kaplan Says We Need to Live With the Virus

The transcript covers the impact of COVID-19 on the economy, discussing unemployment, growth, and inflation forecasts. It highlights the role of unemployment benefits in stabilizing incomes and the challenges in hiring. Strategies for managing the virus, such as mask-wearing and testing, are emphasized. The Federal Reserve's forward guidance and its impact on inflation and unemployment are discussed. Federal programs like the Main Street program and PPP are analyzed for their market impact. The challenges in the oil market and energy sector are explored, along with the volatility in the treasury market due to leveraged bets.

How does the speaker suggest managing the virus while keeping the economy open?

What are the implications of the Fed's asset purchases on financial markets?

What challenges does the energy industry face according to the speaker?

What changes does the speaker suggest regarding the Fed's forward guidance?