Bottom line. Monetary Policy had reached its limits in response to this financial crisis. It is time for Congress to take clear-eyed, focus on creating targeted, well-funded fiscal policy actions to benefit regular citizens as well as financial markets and institutions. Let’s not make the same mistake that we did in 2008. Families, individuals, small businesses and nonprofits need direct assistance, too.

www.nytimes.com/2020/03/16/business/stock-market-today-coronavirus.html

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