The Fed Can And Should Support State Government Efforts To Respond To COVID-19 Right Now

Authors: Skanda Amarnath (Employ America), Yakov Feygin (Berggruen Institute)

State governments are on the front line of the COVID-19 pandemic and its economic fallout. In the coming weeks, they will be subject to increasing demands to expand healthcare capacity and support existing initiatives, all while tax revenue dries up and financial market turbulence freezes the municipal bond market. The Federal Government has begun to respond to this challenge by increasing Medicaid