WASHINGTON - The Federal Reserve can stop deflation from striking the US economy, which already has been badly affected by the coronavirus the central bank's vice chair said Monday.
WASHINGTON - The Federal Reserve can stop deflation from striking the US economy, which already has been badly affected by the coronavirus the central bank's vice chair said Monday.
Demand has been impacted "very adversely," Richard Clarida said in an interview on Bloomberg TV, calling the effects "disinflationary." The Fed has deployed unprecedented emergency efforts to shore up the financial system including pumping trillions of dollars of liquidity into the once-healthy economy that's been turned upside down by the virus, and supporting lending to households and companies.
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