“’It will take some time to return to the levels of economic activity and employment that prevailed at the business cycle peak in February, and additional support from monetary — and likely fiscal — policy will be needed,’ [Fed Vice-Chairman Richard] Clarida said Monday in a speech to an online event hosted by the American Bankers Association. ‘The economic outlook is unusually uncertain.’”
USAGOLD note: Seems like the monetary establishment globally is putting on the full-court press ……with the United States and Europe front and center.
Repost from 10-21-2020
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