Fed Vice Chairman Richard Clarida told CNN yesterday that “”we have a lot of accommodation in place. There is more that we can do. There is more that we will do if we need to”. He added that “additional forms of forward guidance that the Fed has used in the past and we would consider using in the future”. Additionally, “there’s more that we could do in terms of our balance sheet as needed.”
He also noted he increase in coronavirus cases in certain large states and Fed officials are following it closely. “The course of the economy is going to depend on the course of the virus.”
