NBER: The Covid recession lasted just two months, the shortest in U.S. history (ended in April 2020 … before Biden “Stimulypto”)

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by confoundedinterest17

Well, that was fast.

According to the National Bureau of Economic Research (NBER), the Covid recession is over, lasting just two months. That is the shortest recession in US history.

But read the fine print: “The Covid-19 recession ended in April 2020, the National Bureau of Economic Research said Monday.”

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Like the Case-Shiller house price index, this measure of recession is lagged. So, it tells us good news … from April 2020 PRIOR to President Biden and the Pelosi/Schumer “Stimulypto” Congress.

So, if there is a link between economic recessions and Federal Reserve monetary policy, why is The Fed continuing its unusual “magic money” policies?

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Stated differently, why is the Biden Administration engaged in massive Covid-related spending if the Covid recession ended in April 2020? And why is The Federal Reserve sticking to its unprecedented zero-interest rate policies?

 

 

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