Batten down the hatches

Federal Reserve Chair Jerome Powell stressed the importance of keeping the coronavirus contagion contained as the U.S. economy bounces back from its deepest contraction in decades.

[...]

The Fed and Treasury have worked together to launch nine emergency lending programs aimed at providing backstop credit to everything from municipalities to medium-sized businesses. Those actions helped lower borrowing costs and keep the financial system liquid in a time of stress.

The Fed chair struck an optimistic note on what he is seeing as economic activity resumes. Hiring is picking up, he noted, and spending is increasing, though 20 million Americans have lost their jobs.

"The path forward for the economy is extraordinarily uncertain and will depend in large part on our success in containing the virus," he said.

  alJazeera

That barn door should have been closed a long time ago. It's too late now.

...but hey, do what you want...you will anyway.

UPDATE: