Fed Alumni Blinder, Dudley on Coronavirus Impact, Stimulus Options

The transcript discusses the importance of widespread testing to reduce uncertainty during a health crisis, the role of the Federal Reserve in providing liquidity, and the need for global economic coordination. It highlights the potential for fiscal and monetary coordination, the importance of leadership in implementing emergency measures, and the impact of market volatility on public behavior.

What is the importance of coordination between fiscal and monetary policy during a crisis?

What are the potential consequences of the healthcare system being overwhelmed?

What immediate steps are suggested for the government to take in response to the crisis?

How does the speaker view the relationship between financial market turmoil and real economic activity?