Fed Needs 'Shock and Awe' Policy Response to Sell-Off, Schwab's Sonders Says

The transcript discusses the need for a strong policy response to economic challenges, highlighting the actions of the Federal Reserve and the potential for fiscal measures. It examines the impact of the virus on the economy, noting the early stages of the crisis and the need for stabilization. The discussion also covers the role of monetary policy in supporting risk assets and the potential shift in economic narratives.

What kind of policy response is suggested to stabilize the economy?

What is the significance of the 8.3 billion passed last week in terms of fiscal policy?

What does the text suggest about the future of monetary policy in the United States?

What are the potential effects of a shock and awe stimulus on risk assets?

How does the current situation differ from previous economic shocks according to the text?