Federal Reserve president says coronavirus pandemic needs an '18-month strategy' for healthcare and economy

the current government strategy of stringent social distancing. They have argued that the economic damage could be greater than the risks of coronavirus. However, health experts and doctors have noted that social distancing measures and shutting down large sectors of the economy are the only way to save hundreds of thousands, and potentially millions, of lives.

James Bullard, president of the Federal Reserve Bank of St. Louis, told Bloomberg News in late March that he projected unemployment could reach 30 percent, while GDP could drop by 50 percent. Treasury Secretary Steven Mnuchin had previously warned Republicans that it could rise as high as 20 percent.

America: 'I've got a four point strategy for ya.'

This Easter, the Pope has come out in favor of a Universal Basic Income to help people through these troubling times. PopeForUBI YangWasRight

Mr President & AG Barr, we need your help in Michigan. The governor has placed the state on Restrictions beyond liveable. Please View Michiganders Against Excessive Quarantine

Uh oh

Good luck with trump in the white house

Now that's a president talking!

The 1% have ALL the money. Call them.

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Source: latimes - 🏆 11. / 82 Read more »