Economist Mosser Stresses the Importance of Fiscal Policy in Virus Resurgence

The video discusses the Federal Reserve's concerns about economic slowdown and the importance of fiscal policy. It highlights the Fed's dovish stance, the impact of virus containment on economic activity, and the need for fiscal and monetary coordination. The discussion also covers job losses in service industries, economic inequality, and the effects of reduced income support on retail spending.

What were the implications of the emergency liquidity facilities extended by the Board of Governors?

How did the Fed Chair describe the relationship between fiscal policy and economic recovery?

What concerns did the Fed Chair express about the potential for increased economic inequality?