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What if you were in charge of implementing Fiscal Policy? Our nation definitely had a wild ride in 2020 due to the impact of the
What if you were in charge of implementing Fiscal Policy? Our nation definitely had a wild ride in 2020 due to the impact of the COVID-19 pandemic. Down 31% in one quarter and then up 33% in the next! The Federal Government went right to work with Coronavirus Aid, Relief, and Economic Security Act CARES ACT 2020 and more in 2021. You will want to do a little web-searching to see what all was included in the CARES ACT. Jerome Powell, the Chairman of the Federal Reserve, led the FED to take immediate action dropping interest rates back down to nearly zero percent. For our discussion this week I want you be critical about what was done. I want you each to identify at least two programs you feel were definitely needed and worked well to keep the US economy going during the worst global pandemic in our lifetimes. Give some detail about the program, whom it benefited, and how well it worked. Then I want you to identify at least one program that did not work as well, or perhaps wasn't needed. Too see the full extent of the Deficit Spending involved in the CARES act you may want
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