Surveillance: Monetary Policy with William White (Podcast)

William White appeared on Bloomberg Television on 7 April, and then on a radio podcast with Tom Keene, Jon Ferraro and Paul Sweeney. He expressed concern about the possible ineffectiveness of still more monetary easing and the possibility of unintended and undesired consequences. He supported the greater reliance on fiscal expansion in the current pandemic crisis, noting that the market was likely to be “patient” before responding badly to sharp increases in government debt. White noted however that the market’s “patience” was not likely to be infinite and that thought should be directed to solving this problem going forward.