Coronavirus Shutdown is Not a Recession but an Investment in Survival As the coronavirus sequesters millions of Americans and shuts down the US economy, it should be thought of as an investment in public health that lays the groundwork for a rapid rebound. That is the view of St. Louis Federal Reserve President James Bullard, who argues that a potential $2.5-T hit coming to the economy is both necessary and manageable if officials move fast and keep it simple

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