Well, that was fast.
But read the fine print: “The Covid-19 recession ended in April 2020, the National Bureau of Economic Research said Monday.”
Like the Case-Shiller house price index, this measure of recession is lagged. So, it tells us good news … from April 2020 PRIOR to President Biden and the Pelosi/Schumer “Stimulypto” Congress.
So, if there is a link between economic recessions and Federal Reserve monetary policy, why is The Fed continuing its unusual “magic money” policies?
Stated differently, why is the Biden Administration engaged in massive Covid-related spending if the Covid recession ended in April 2020? And why is The Federal Reserve sticking to its unprecedented zero-interest rate policies?