Federal policy will need to pivot from support to recovery
As the federal government’s capacity to provide direct relief measures diminishes with the ballooning deficit weighing on the treasury, federal policy needs to quickly shift to indirect policies to promote confidence and investment to help speed economic recovery.
The coronavirus pandemic has brought economic shock faster and more severely than the 2008 global financial crisis. In contrast to the financial sector factors that led to the events of 2008, the shock of COVID-19 has stemmed from the government’s necessary and huma...
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