US shut down around 30% and then opened up too soon
US lockdown wasn't strict enough
if we did the right in the spring we would have college football, we would have schools opening
the virus is raging out of control
recovery will be muted if no lockdown
is very important that Congress to continue to provide support
would need less stimulus if had a lockdown
Comfortable that the Fed has the the tools within our dual mandate
fiscal policy has a critical role to play
the path of the virus will determine the path of the economy
not sure the Fed can do anything right now
real unemployment rate close to 14%
There is some truth to his thoughts. What would have happened if there was a plan to really gun toward schools opening or fall football.
PS. Below is a map of where the SEC and ACC fottball conference are located. The games might not have crowds but football is a social event in those states. I don't think people will be holed up watching the games in their homes.