Fed President JUST Called for Stimulus Through 2021 (Details)

Fed President Robert Kaplan just gave his take on stimulus!! Use 33% off Coupon Code ♦️Phase4♦️Investing & Negotiating https://metkevin.com/program 🦠Life: https://metkevin.com/ladder 💰Free Stocks: https://metkevin.com/webull

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Federal Reserve President of the Dallas Fed, Robert Kaplan, gave an interview to Fox Business today 5-1-2020 on his thoughts on further stimulus and stimulus checks. Remember, Congress looks to the Federal Reserve for insights on the market.

What about further stimulus: We can’t replace things like lost income, unemployment, and aid to state/local governments. We’re going to need stimulus “going into the rest of the year AND into next year” so we can grow faster, so we can work down this unemployment rate. We need Congress to provide that additional stimulus, the fiscal authority (fiscal is government spending vs monetary which is bank lending, like the Fed).

Robert Kaplan believes the second quarter is going to suffer a severe contraction (April, May, June). He’s pretty clear: we need more stimulus. Our economy did have issues before hand, but the consumer is the biggest part: 70%. The consumer had a “body blow.” They’re the ones who need help, essentially - he’s basically saying that the consumer is the one who cannot be helped by the Fed and Congress needs to do that. He also gave his opinion on the oil crisis, oil production, and long-term interest rates. In fact, he brought up disinflation and the concerns over inflation in the future.

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Видео Fed President JUST Called for Stimulus Through 2021 (Details) канала Meet Kevin