New research says spending, not lower rates, would do more to prevent deeper economic scars from the coronavirus pandemic

Fed Officials Are Pushing for More Stimulus From Lawmakers

Fed Chairman Jerome Powell has delicately but resolutely said in recent months he expects Congress will need to do more to compensate for income losses sustained by unemployed workers and revenue holes facing hard-hit businesses and city and state governments because of the coronavirus pandemic.

Wall Street Journal 13 September 2020

https://www.wsj.com/articles/why-fed-officials-are-begging-for-more-stimulus-from-lawmakers-11600005600

Jag tycker det är skriande uppenbart att räntan världen över är för låg och att en större del av stimulanserna borde ske via finanspolitiken.

Englund 5 december 2009

https://englundmacro.blogspot.com/2014/08/skriande-uppenbart.html

And,  of course, Keynes