If the markets and economy tank, will be blamed on the virus and not "Trump's economics". Voters should not be able to "hold it against him" come November.
Fed's Fisher has stated, "Markets need to be weaned off of Fed put". If the Fed does not "come to the rescue" in sufficient force, the virus could be the cover for allowing the bubble to deflate. After all... there are really only 2 choices. 1. Take our (debt) medicine at some point, or 2. Pump the debt bubble until it all explodes. Painful as it would be, #1 is preferable.
Fed's Fisher has stated, "Markets need to be weaned off of Fed put". If the Fed does not "come to the rescue" in sufficient force, the virus could be the cover for allowing the bubble to deflate. After all... there are really only 2 choices. 1. Take our (debt) medicine at some point, or 2. Pump the debt bubble until it all explodes. Painful as it would be, #1 is preferable.