'We're Going to Have a Very Sharp Contraction,' Says PGIM's Sheets

The video discusses the sharp contraction expected in the US economy, particularly in the second quarter, and the potential for a recession. It highlights a three-pronged strategy to address economic challenges: ensuring smooth funding markets, supporting individuals with paychecks, and addressing systemic issues in heavily indebted companies. The importance of supporting laid-off workers and small businesses is emphasized, along with the need for Congress to find ways to assist them. Additionally, the video discusses the protection of big industries like US airlines and the potential role of the Federal Reserve in enhancing credit markets to support firms and individuals.

What concerns does the speaker express regarding small businesses during the economic downturn?

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What role does the speaker suggest the Federal Reserve could play in supporting the economy?

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