The Fed must reduce the long-term damage from the virus - Yellen, Bernanke op-ed

Yellen and Bernanke says that there are more actions that the Fed needs to consider to stem the bleeding from the virus fallout

Some of the steps suggested are a term auction facility, more repo facilities, and a low-cost financing facility among others. It is an interesting read and could offer a glimpse of what other steps that the Fed may take in the coming weeks/months.

The full article can be found here via the FT (may be gated).