The coronavirus pandemic has only worsened this week and has engulfed almost the whole world. Several countries in Europe and the US have been the worst affected outside of China where the virus started. While the world attempts to tackle the spread of the virus by lockdowns, it is having a huge negative impact on the economy.
In order to support the economy, the US announced a stimulus package of $2.2 trillion, which is the largest in history. Meanwhile, the Fed’s balance sheet continues to swell and has crossed $5 trillion in assets.