Bring Out 
the Bazooka

On Sunday, March 15, the Federal Reserve opened its arsenal and unleashed a preemptive counterattack against a rapidly approaching enemy. The coronavirus pandemic was still in its infancy. It had been declared a national emergency two days earlier, after being labeled a public health emergency nearly a month prior. There were 3,500 or so verified Covid-19 cases in the United States at the time, and only 60 deaths. Markets whipsawed, triggering circuit breakers that suspended trading. An economic assault of unusual ferocity was bearing down on the U.S. economy. Everyone could see it coming; little could be done to stop…

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Kiah Lau Haslett

Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.

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