Dr. Perryman explains the logic behind having banks keep their money instead of lending it out.
For years, the Federal Reserve has been known as an inflation fighter; Dr. Perryman says there are other targets that might make more sense.
The Fed held off on an interest rate increase during its June meeting, but Dr. Perryman says that considering how bloated their balance sheet is, they'll have to do it soon.
The inevitable and unavoidable result of the extraordinary measures taken to curb the tragic health effects of the coronavirus has been a strong shock to the economy. Protecting human health and wellbeing must be paramount at the moment. Unfortunately, major damage to the economy also extracts a high human toll in the form of layoffs and job losses, bankruptcies, and financial stress. These issues, in turn, increase harms ranging from domestic abuse to depression. Obviously, the more that can be done to mitigate the damage, the better.