Glenn Hubbard Discusses Economic Recovery and the Federal Reserve Response to COVID-19

Wednesday, April 22, 2020 - The Coronavirus crisis is hitting the economy as hard. What will the economy look like after this pandemic?

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On this episode of Gridlock Break, we hear from Glenn Hubbard, the former dean of Columbia Business School and Chair of the White House Council of Economic Advisors. He explains why the current Federal Reserve lending program for businesses hurt by coronavirus may be doomed to fail and makes the case for a massive new infrastructure program to help restore demand across our economy.

The Fed’s focus on minimizing loan losses will prevent many solid small and medium sized businesses from getting the help they need. The good news is the Fed still has time to change course and fix the design of the program. Hubbard also shared some ideas about how smart tax and regulatory policy and infrastructure investment from Washington can help restore confidence as our economy reopens.

Go to to learn more about how we are bringing together a bipartisan group of public and private leaders working to stop the virus, save lives and get Americans back to work.

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