Fiscal effects may take several weeks to pass through – research
If president Donald Trump’s coronavirus-related fiscal pledges resemble those implemented during the Great Recession, it may take between 10 and 29 weeks for the economy to feel the effects, a Federal Reserve Bank of St Louis economist says.
Bill Dupor examines the speed at which then-president Barack Obama’s Recovery Act brought tangible benefits to the workforce. Dupor starts his analysis on January 6, the day Congress was sworn in and roughly two months after the November election.
The
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