About this episode
Preparing for Memorial Day--holiday from lock-down? Jerome Powell on 60-Minutes; Market recap & Negative GDP estimates; Rules for Re-Entry; Jerome Powell excerpt; Economic Recovery--what is Recession; JC Penny bankruptcy is what should happen; Jerome Powell--printing money digitally; Why the Fed Needs a Crisis; if we're re-opening, the crisis is past; Why There's No Desire to Cut Federal Spending; interest rates a function of supply & demand; Why Fed may "cap" rates; wealth transfer; consequences of spending bill on Landlords