Omicron And Our Economic Forecast: What’s Next For Fiscal And Monetary Policy? (Forbes)

FORBES | The COVID-19 pandemic has had significant impact on our domestic economy. It comes as no surprise that the ongoing pandemic will continue to influence our economic policies for years to come. The challenge lies, however, in predicting what this will look like and what the long-term ramifications will be.

At the start of the pandemic, I joined some of Princeton University’s brightest economic and health policy minds to attempt just this: to predict how a global pandemic would affect our country’s fiscal and monetary policy. It’s safe to say that in April 2020 when we first came together, we had no idea what our fight against COVID-19 would entail, nor would we have predicted we would be participating in our 5th iteration of this discussion just a couple weeks ago.

I recently sat down with Drs. Jessica Metcalf, Alan Blinder, and Bill Dudley to, once again, try and predict the future of our economy, to analyze how Omicron and future variants will impact our projected outlook, and to examine how our initial pandemic fiscal and monetary policy panned out.

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