US Senate Republicans say Congress may need another coronavirus package. But not yet.

Its wait and see mode to assess how the US$2 trillion bill passed last week affects the economy.

Senate Majority Leader Mitch McConnell:

• "We may need a Phase Four, but we're not even fully into Phase Three yet."

Other senators emphasise getting health carer in order first:

• "It's fine to start talking about it, but it's not going to be effective until we have the health care crisis under control"
• "The immediate need is dealing with the corona crisis because if that's not dealt with, the economic free fall will continue.""

Link for more

--

Indeed, its going to be a long haul.

I posted this earlier, it may be a miore difficult path ahead than many think:

• ICYMI: "Up to now we've never had a successful vaccine against a coronavirus"

Meanwhile, central banks will continue to step up to the plate with more and more:

• More on the Fed easing liquidity/credit constraints