The economy is hurtling toward a likely recession every day. And just like you can rely on your roommate eating all the good WFH snacks on day two, you can rely on markets experts to wonder...is the government going to do anything here?
For its part, the Federal Reserve is doing something. Several things, in fact, from last-minute emergency rate cuts to major loans for big banks.
But what does the Fed’s rapid fire monetary policy mean for your day to day, from getting a mortgage to choosing a bank? And will it even work? This week on Morning Brew’s Business Casual podcast, the Brew’s Kinsey Grant interviews her college Econ professor to get those answers.
Washington & Lee University’s Professor Art Goldsmith gives a master class in how Fed policy works, why it exists in the first place, and what we can expect from central bankers as COVID-19 wreaks havoc on business.
Because when “explain it to me like I’m five” fails, there’s always “explain it to me like I’m 19.”