April 14, 2020
On March 20th, we discussed the three areas that policymakers will need to focus on to support the U.S. economy going forward: monetary policy, fiscal policy, and public health policy. In our view, these three policy realms make up the “three-legged stool” of economic stability. Last week, the Fed announced two new credit facilities and a move into the high-yield bond market. With these developments in mind, we revisited the monetary policy “leg” of the stool in the latest edition of Gerry’s Journal.
If you have any questions or concerns about your investments, the markets, or the ongoing response to the pandemic, please don’t hesitate to contact us. We’re here to support you during these challenging times.
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