Robert Rubin was the Secretary of the Treasury and Director of the National Economic Council under President Bill Clinton. He had a distinguished career in finance, joining Goldman Sachs in 1966 and eventually becoming co-chairman. Under the Clinton Administration, he served as the He is also a founder of The Hamilton Project, an economic policy think tank out of the Brookings Institution. In this episode, he will discuss the economic outlook in the post-COVID world.
Secretary Rubin says it might take until the end of 2022 for the US economy to return to where it was pre pandemic. As he notes, this is both a global economic crisis, and a humanitarian and health crisis, which will complicate the recovery. He also agrees with recent comments from former Treasury Secretary Timothy Geithner that the Federal Reserve acted responsibly in their strong response to the COVID pandemic. It was much more far reaching response than the one in the wake of the 2008 financial crisis, but Rubin believes it is necessary.
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