The goal is "to prevent ominous trading conditions from creating a sharper economic contraction", according to the article. Whether $1.5T is sufficient to accom

The goal is "to prevent ominous trading conditions from creating a sharper economic contraction", according to the article. Whether $1.5T is sufficient to accomplish this goal obviously remains to be seen. My guess (but don't bet your retirement portfolio on it) is that the economy will dip for 3-6 months, then as the virus exsanguinates, it will rebound. There's massive efforts in several countries to develop or adapt vaccines to covid-19: Israel, Maryland, and Texas companies all have candidates ready for human testing, or about to be ready. It's likely that in about six months there will be one or more vaccines well into human testing or perhaps even fast-tracked into the market, at least for vulnerable populations, and the panic will die down.