The COVID-19 Crisis and the Federal Reserve’s Policy Response

The COVID-19 pandemic and the mitigation efforts put in place to contain it delivered the most severe blow to the U.S. economy since the Great Depression. Richard Clarida argues that the Federal Reserve acted decisively to support the flow of credit to households and businesses.

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The views expressed in this interview are not necessarily those of other Federal Reserve Board members or Federal Open Market Committee participants. Image courtesy of interviewee.

Image courtesy of interviewee

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