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I can’t believe I have to explain why the federal reserve chairman would be concerned about a pandemic that is throwing the country‘s economy out of whack in regards to things such as businesses opening and closing and why opening up too soon could be potentially bad for the economy but here we fucking are.
If the Country opens up too soon and there is a spike in cases and then the state and local governments have to revert back to lower phases in COVID-19 management, what do you think that’s going to do to the economy? Or do you even care?
Here’s a newsflash. None of us want to be shut down forever but the opening needs to be smart.
From dummies.com;
Under the chair’s leadership, the board’s responsibilities include analysis of domestic and international financial and economic developments. The board also supervises and regulates the Federal Reserve Banks, exercises responsibility in the nation’s payments system, and administers consumer credit protection laws (including the Truth in Lending, Equal Credit Opportunity, and Home Mortgage Disclosure Acts).
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