The Economic Fallout From COVID-19

The coronavirus crisis is taking a serious toll on the economy. Job losses are mounting, and the stock market has declined sharply during the past few weeks. Timothy Kehoe, the Distinguished McKnight Professor in the Department of Economics at the University of Minnesota discusses the current economic situation. Kehoe is also an advisor to the Federal Reserve Bank of Minneapolis. His opinions and perspectives do not necessarily reflect those of the Minneapolis Federal Reserve Bank or the Federal Reserve System.