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Dudley says more fiscal stimulus needed even with vaccines

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CNBC/Jeff Cox/11-16-2020

photgraph of the seal of the Federal Reserve system“Even with the good news, Dudley said additional bridge money of $1 trillion to $2 trillion will be needed to get impacted individuals and businesses to the other side.”

USAGOLD note: Though no longer running the New York Fed, Dudley is pretty much following along with the consensus already voiced publicly by many Fed luminaries. This is the first time we can recall seeing anyone connected with the central bank offer a number.


Repost from 11-18-2020

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