Federal Reserve officials have been forthright about their belief that the U.S. needs more fiscal stimulus to combat the Covid-19 crisis. But like everybody else straining to figure out the economic consequences of the election, they don’t know when that stimulus might come, how big it might be or what form it would take.
So just to be sure, they might draw yet more arrows from their quiver.
The…
This post first appeared on wsj.com
