We Can't Wait Any Longer for More Coronavirus Relief :: The Market Oracle ::
Together, these jolted the economy back to life. The jolt wasn’t permanent, however. The economic patient is now wavering again. This time, despite pleas from Fed Chairman Jerome Powell that monetary policy has reached its limits, the fiscal part of the cure is not forthcoming. Ah, but “limits” don’t really apply to central bankers. Not the central bank of the world’s largest economy and issuer of the global reserve currency. The Fed has constraints—some practical, some legal—but is highly creative in overcoming both. Powell repeated this quite clearly just last month. ...