{"product_id":"the-fed-and-the-great-virus-crisis-paperback","title":"The Fed and The Great Virus Crisis - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eMelissa Tagg\u003c\/b\u003e (Author), \u003cb\u003eEdward Yardeni\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn this study, Edward Yardeni and Melissa Tagg, two of the world's most experienced and widely followed investment strategists and Fed watchers, provide investors with a practical understanding of the forces that drove monetary and fiscal policies during 2020 in response to the Great Virus Crisis. The focus is on the Fed.\u003c\/p\u003e\u003cp\u003eAt the beginning of the year, Fed Chair Jerome Powell and his colleagues expected that the longest economic expansion in US history would continue and that the federal funds interest rate would remain range-bound between 1.50% and 1.75%.The outlook changed dramatically for the worse on March 11, 2020, when the World Health Organization declared that Covid-19 had spread around the world. It was officially a pandemic.\u003c\/p\u003e\u003cp\u003eThat marked the beginning of the world war against the virus. It was a war on three fronts: the health front, the economic front, and the financial front. The Fed responded by the lowering its key interest rate to zero on March 15 and implemented an open-ended program of quantitative easing on March 23, \"QE4ever.\" Various liquidity facilities that were used during the Great Financial Crisis were reopened and new ones added. Fiscal policy joined the battle, with substantial spending programs initiated. Collectively, these measures amounted to trillions of dollars of support.\u003c\/p\u003e\u003cp\u003eIn this study, the authors explain why this two-pronged monetary\/fiscal response worked so well on the financial and economic fronts. They also consider its potential long-term consequences on inflation, financial stability, and the role of government in the economy.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 188\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.4 x 9 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 17, 2021\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52488373076275,"sku":"9781948025102","price":20.48,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0300\/5595\/6612\/files\/pzntxC4IBk9781948025102.webp?v=1759874027","url":"https:\/\/www.vysn.com\/products\/the-fed-and-the-great-virus-crisis-paperback","provider":"VYSN","version":"1.0","type":"link"}