Powell Sticks to ‘General Comments’ on Fiscal Policy When Pressed on Aid

The transcript discusses the potential economic rebound and the necessity of additional fiscal policy to support small businesses. It highlights the uncertainty of reopening economies and the importance of gathering information to make informed decisions. The speaker emphasizes the distinction between liquidity and solvency issues, noting that liquidity problems can evolve into solvency problems over time. The effectiveness of current fiscal measures is evaluated, and the need for future readiness is stressed.

In what ways can the reopening of the economy impact consumer behavior?

Evaluate responses using AI:

OFF

What considerations should be taken into account regarding the timing and specifics of fiscal policy?

Evaluate responses using AI:

OFF