Monetary policy is going to become much more expansionary in the United States and the euro zone because of the coronavirus crisis: What consequences for after the crisis?
The coronavirus crisis is going to give rise to a deflationary trend (lower growth and inflation) in the United States and the euro zone, which will lead to a much more expansionary monetary policy (interest rate cuts, liquidity injections). After the crisis, both countries will therefore have lower interest rates and more abundant liquidity, which, despite permanently lower GDP, will lead to a drastic recovery in financial markets (equities, corporate bonds).