The situation has deteriorated markedly since then, and 44,474 new cases were reported Tuesday. Anthony S. Fauci, the government’s top infectious-disease specialist, warned this week that the country could soon face 100,000 new coronavirus cases a day “if this does not turn around.”ADADNotably, the Fed’s discussion about these concerns came before the big surge in coronavirus cases in the past two weeks. Powell and other Fed officials stop short of outlining exactly what they think lawmakers should do in a new stimulus package or other legislation. But the Fed has taken steps to incorporate a range of possibilities, including more dire ones, into its emergency response. “Injustice, prejudice, and the callous disregard for life had led to social unrest and a sense of despair,” the Fed minutes said.

Source: Washington Post July 01, 2020 18:29 UTC