The Fed Fulfilling Its Mandate to Maximize Employment Amid the COVID-19 Pandemic

DBRS, Inc. (DBRS Morningstar) published a commentary reviewing the Federal Reserve’s actions in response to the Coronavirus Disease (COIVD-19) pandemic. The Federal Reserve has acted quickly, cutting interest rates to zero and launching numerous programs to alleviate funding pressures. While DBRS Morningstar views these actions as constructive, the scale of today’s economic shock also requires a large amount of fiscal stimulus globally to lessen the potential adverse impact of the pandemic.