Report
Peter Warburton ...
  • Tom Traill
  • Yvan Berthoux
EUR 1465.63 For Business Accounts Only

Market Focus April 2020

Plunge protection
“This is not the time to allow concerns about the size of the federal deficit to hinder the scale of response to combat Covid-19”. Words from Jay Powell that seem perfectly reasonable in today’s dire circumstances, but which will be extremely difficult to revoke even “when the (US) economy is well on the road to recovery”. Welcome to the age of fiscal dominance. Under the cover of plunge protection, a policy revolution is underway that will reorder priorities and programmes for a generation. The Fed is content to be handmaiden to the Administration in these extraordinary times but will soon discover that this is a permanent position.

Provider
Economic Perspectives
Economic Perspectives

Economic Perspectives is a trusted provider of global macroeconomic and financial research with clients in North America, Asia and the UK.

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Analysts
Peter Warburton

Tom Traill

Yvan Berthoux

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