October 9, 2020
St. Louis Fed President James Bullard shared his views on the U.S. economy, fiscal stimulus and other topics during an interview on “Barron’s Roundtable” on Fox Business.
Bullard noted that the CARES Act and other legislation in response to the COVID-19 pandemic were designed for a much larger shortfall in GDP than is now expected. Thus, at an aggregate level, it seems like there are enough resources allocated through the end of the year, he said. He also discussed the rapid improvement in the labor market, noting that this crisis is different from the financial crisis in that a lot of layoffs are temporary.