Listen "COVID-19: Actions Taken by the Federal Reserve"
Episode Synopsis
Paul Atkins, Patomak Global Partners CEO, and banking consultant Bert Ely discuss the numerous programs Congress, in response to the COVID-19 pandemic, has directed the Federal Reserve to implement to provide financial support to America's financial institutions, state and local governments, and the broader economy. Much of this support will consist of the Fed purchasing bonds and other debt instruments, which could balloon the Fed's balance to a record size. Some of these support programs were undertaken after the 2008 financial crisis; others have never been tried before. Paul and Bert also offer their views as to how these programs might play out, and their potential longer term impacts on the U.S. financial system and the broader economy – all of which is taking place in an election year. Featuring: -- Paul Atkins, CEO, Patomak Global Partners -- Bert Ely, Principal, Ely & Company Inc.
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