
Harsh Truths About 2024 and the Future of the U.S. Economy
Plain English with Derek Thompson
Pandemic recessions and Fed toolkit
Pandemic-induced recessions differ from typical recessions as seen in the housing market where while a usual recession lowers housing activity, the pandemic created a home buying boom. This uniqueness may suggest that the traditional tools of the Federal Reserve might not be entirely effective in addressing pandemic-style economic downturns.
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