'Central banks can't cure the virus,' former Fed governor Kroszner says, and lays out the next steps policymakers may take to respond to the virus
'Central banks can't cure the virus,' former Fed governor Kroszner says, and lays out the next steps policymakers may take to respond to the virusRandall Kroszner, a former Federal Reserve governor, said central banks won't cure COVID-19.
published Monday:"There is only so much central banks can do. As a central banker I am never going to say central banks are not powerful but they can't cure the virus, they can't unlock economies and they can't replace broken supply chains."Read More: "Central banks can provide a bridge to support a new equilibrium but it is going to be a while to get to the new equilibrium and it is not going to be easy," Kroszner said.Kroszner said that the next phase of defeating the virus is likely to be increased infrastructure spending.
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