The Fed and The Great Virus Crisis : Yri Books : 9781948025102 : 1948025108 : 17 Mar 2021 : In this study, Edward Yardeni and Melissa Tagg, two of the world's most experienced and widely followed investment strategists and Fed watchers, provide investors with a practical understanding of the forces that drove monetary and fiscal policies during 2020 in response to the Great Virus Crisis. The focus is on the Fed. At the beginning of the year, Fed Chair Jerome Powell and his colleagues expected that the longest economic expansion in US history would continue and that the federal funds interest rate would remain range-bound between 1.50% and 1.75%.The outlook changed dramatically for the worse on March 11, 2020, when the World Health Organization declared that Covid-19 had spread around the world. It was officially a pandemic. That marked the beginning of the world war against the virus. It was a war on three fronts: the health front, the economic front, and the financial front. The Fed