“The US will need to spend trillions more as economy takes until 2022 to fully recover: CNBC survey”

“The economy could take one to two years to rebound to full strength and the Federal Reserve and Congress, having already committed historic sums to fight the coronavirus pandemic, will have to commit trillions more, according to respondents to the CNBC Fed Survey.

With the Federal Reserve’s balance sheet already at an unprecedented $6.45 trillion, the 36 respondents see it rising on average to $9.8 trillion. The additional trillions, respondents expect, will be added by the end of the current quarter. Congress, having already committed about $2.5 trillion, is seen putting in an additional $2 trillion…”

https://www.cnbc.com/2020/04/28/cnbc-fed-survey-the-us-will-need-to-spend-trillions-more-as-economy-takes-until-2022-to-fully-recover.html