The Fed and Congress are moving at breakneck speed to address market and economic uncertainty and to provide relief for businesses and individuals. How far are they prepared to go, and how will it impact investors?
In this episode of WashingtonWise Investor, Mike is joined by Kathy Jones, Schwab’s chief fixed income strategist, to discuss the Fed’s strong response to the impact of the coronavirus on the markets and the economy as a whole. They assess the various steps the Fed has taken—from dropping interest rates to a planned purchase of billions in Treasuries and mortgage-backed securities to providing businesses with short-term funding. And they share insights on how each are expected to work and the impact they may have on private investors, as well as mortgages and credit cards.
Mike also covers the ongoing efforts of the administration and Congress to provide economic relief for businesses and individuals and addresses the pressures the coronavirus response is putting on the race for the Democratic nomination.
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