The Financial Sector and Rescuing the Economy

This week on EconoFact Chats, Michael Klein and Harvard Economics Professor Jeremy Stein discuss the impact of COVID-19 on the financial system and, through this, on the broader economy. They compare and contrast the current economic crisis, and the policies to combat it, to the 2008 financial crisis. The conversation draws on Stein’s experience as a member of the Board of Governors of the Federal Reserve, a senior advisor to the Treasury Secretary, and as a member of the National Economic Council, as well as on his research on the links between the financial sector and the broader economy.