The Fed Is Really Running Out of Firepower: Bill Dudley

The transcript discusses the impact of fiscal stimulus on the economy, particularly in the context of the U.S. elections and the COVID-19 pandemic. It highlights the challenges of implementing fiscal policy due to political divisions and the limitations of the Federal Reserve's monetary policy. The discussion also covers the potential for a double-dip recession and the importance of effective pandemic management for economic recovery. Global coordination issues in monetary and fiscal policy are also addressed.

What challenges does the U.S. face in coordinating fiscal and monetary policy?

What role does the management of the coronavirus pandemic play in the economic recovery?

In what ways could the Federal Reserve enhance its credit policy according to the discussion?