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SMLL - The Coronavirus Policy Wave: When Will The Bill Come Due?
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By Eric Winograd
The onslaught of the coronavirus forced the Federal Reserve and lawmakers to take desperately needed measures. The US economy will eventually recover, but the effects of these drastic policy decisions will be felt for a long time.
Since the onset of the COVID-19 crisis, both the Federal Reserve and fiscal policymakers have rolled out unprecedented measures to support the financial system and US economy, including the $2 trillion CARES Act passed in late March and the Fed's use of broad fiscal-like powers.