Biden's Stimulus Plan Not Well-Targeted: Kristin Forbes

The transcript discusses the $1.9 trillion stimulus package proposed by Joe Biden, its potential impact on the economy, and concerns about debt levels. It highlights the importance of targeted stimulus, especially for vaccine rollout, and the challenges of funding through federal borrowing. The role of the Federal Reserve and the timing of tapering are debated, with references to past economic events. The political landscape under the Biden-Harris administration and its influence on economic policies are also considered.

What are the potential risks associated with a large stimulus package?

How might the Biden administration's policies impact economic recovery?

In what ways could the distribution of vaccines influence the economic outlook?