Another day in quarantine, another minisode in our COVID-19 Crisis Series. This time, we’re talking about stimulus packages.
You may have heard the terms “monetary policy” and “fiscal policy” thrown around a lot on the news in regard to the upcoming stimulus package, but what do those terms even mean? Sometimes they’re even used interchangeably. But there are big differences between the two, and we explain those differences (and how it affects YOU) in this minisode.
For one thing, monetary policy is usually managed by the Federal Reserve. Think interest rates and the amount of money in circulation. Fiscal policy, on the other hand, is determined by legislation. Fiscal policy has to do with taxation and government spending. Both monetary policy and fiscal policy are being used right now in stimulus packages to address the effects of our dear old friend, the coronavirus.
So, what’s in these stimulus packages? How do they help you specifically? Our latest minisode explains it all.
This material is for general information only and is not intended to provide specific advice or recommendations for any individual.
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