The collective responses from the U.S. government and Federal Reserve Bank to the COVID-19 pandemic have been nothing short of historic. But the shared approach is now showing signs of fray.... Is this a false start, or is the balance between monetary and fiscal easing about to change?
MUFG U.S. Rates Strategist, John Herrmann, picks up where we left off with last week's episode on prospective additional fiscal stimulus. Tune in to this episode for John's analysis of Fed Chair Powell and Treasury Secretary Mnuchin's remarks from earlier this week, as well as an outlook for the U.S. economy and the investment implications of the various ways that this is all playing out.
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