The Multiversity Project

34 - The Fed's COVID-19 Plan: For the People or for the Banks? Ft. Victoria Guida


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The Fed is putting out a coronavirus rescue package- but is it really going to help, or sink the economy?
The Federal Reserve, the massive, mysterious organization at the heart of the global financial system, has just issued a ton of new money and pumped it into the economy as a response to the Covid-19 crisis. The plan is to "unfreeze" the economy and prevent a lockdown which would devastate individuals and companies alike. But over the long-term, could this rescue package do more harm than good?
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The Multiversity ProjectBy Arielle Friedman, Chris Guida, Kurt David Robinson, and Katy Kelly