Despite the fact that the Federal Reserve and US President Donald Trump continue to assure the public that everything is under control, their actions show the opposite. They are doing everything in their power to soften the coronavirus blow. Yet, new issues appear. Besides, some experts believe that the good performance of the stock market is not the result of a competent approach of both the Fed and the government, but a consequence of the central bank's ultra-easy monetary policy.

The looming crisis of the world economy, the financial problems of large corporations, as well as the threat of a second wave of the pandemic force the Fed to resort to the QE.  Therefore, the regulator keeps its interest rate unchanged but at the same time, it is ready to launch another quantitative easing program, intending to print as much money as necessary to keep markets growing and support the economy. However, this is clearly not enough to achieve higher indicators in areas like business investment, inflation, and low consumer spending. Experts are certain that these three areas will cause a headache for the central bank for a long period, dragging down the economy despite the regulator’s attempts to level off the corona crisis.

It is worth saying that the Fed's stance on monetary policy looks tougher compared to other leading central banks, e.g. the ECB, the Bank of Japan, and others. They are keeping their interest rates at even lower levels. This is why the Fed's decision not to cut its key rate indicates a more hawkish approach to the monetary policy.