While primarily a public health crisis, COVID-19 poses extraordinary threats to the U.S. and global economy, roiled financial markets, and triggered what is likely to be a very severe recession. It also has prompted unprecedented responses from monetary and fiscal policy. Federal Reserve Chair Jerome Powell, beginning his third year in the job, has led the Fed to cut interest rates nearly to zero, to take aggressive steps to support market functioning and liquidity, and to launch several emergency lending programs.
In an online-only discussion, Powell talked about the current state of the economy, the Fed’s response to the crisis, and what lies ahead at the Hutchins Center on Fiscal and Monetary Policy at Brookings on Thursday, April 9, at 10 a.m. EDT. Following his remarks, Powell answered questions from the audience. Viewers can submit questions at firstname.lastname@example.org or on Twitter using #COVID19Economy.
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