Fed's Clarida: We can do more and will do more if needed
Clarida on CNN
SF Fed President Daly today hinted that the Fed might need to ease up terms on the Main Street lending program.
The line from Clarida is what officials have been saying for awhile.
- Economy to hinge on the course of the virus
- There's no limit on how much MBS and Treasuries the Fed can buy
- Lending facilities will stay in place as long as needed
- Double dip recession is not the Fed's base case outlook