Clarida: Fed Could Do More to Face Recession

The US Federal Reserve could take more measurements to face the economic consequences of the coronavirus disease (COVID-19) crisis.

“We have a lot of accommodation in place, there is more that we can do, there is more that we will do,” Federal Reserve Vice Chairman Richard Clarida told CNN on Tuesday.

The number of cases in the US showed a new surge over the past few days, and worries of that affecting reopening of economic activity across the states is increasing fears over a prolonged recession.