Backstops & Stimulus: How Much Will It Take?

Published: April 23, 2020, 10 a.m.

In this episode of WashingtonWise Investor, Kathy Jones, Schwab’s chief fixed income strategist, joins Mike Townsend to discuss the Fed’s extensive efforts to counter the impact of the coronavirus on the economy. They breakdown the dizzying array of far-reaching programs—from the tried-and-true to more controversial tactics—and help individual investors focus on what really matters for them.

Mike also shares insights into what Congress is doing to enhance the CARES Act and what to expect as they move forward with the next round of aid and stimulus in a “CARES 2” bill. He also considers what tax deferrals mean for not only the federal budget, but more dramatically, the toll they are taking on state governments. And in his campaign coverage, Mike looks at the myriad ways the coronavirus is impacting the 2020 election—including the 22 remaining primaries, the party conventions, and voting in the fall.

WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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