The Fed's Prime Concern Is Anemic Growth

It will take a year or more for g d p to regain the level achieved in two thousand 19 and what it was supposed to be in two thousand 20. A stagnant economy would fail to put people back to work who lost their jobs as a result of the lockdown, and it certainly wouldn't provide jobs for a growing population. Risk here is a downward spiral. Common sense suggests it's unlikely a country can spend beyond its means to an unlimited degree without repercussions. Finally, there's no obvious candidate to replace the dollar as the reserve currency. I have no idea whether we'll see inflation, stag flation, stagnation, disinflation or deflation. And oak tree won't bet on any