The Federal Reserve System is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. In addition to regulating economy, the branches of the Federal Reserve perform economic research, including information about COVID-19.
While most states are slowly reopening parts of their economies, and adjusting to the ‘new normal’, there are still a handful of states and territories that have chosen to remain closed.
Framed against the background of the AIDs crisis of the 90s, the characters of Jonathan Larson’s hit musical RENT declare in the opening number that, “Everything is rent.” Today, the economic circumstances caused by COVID-19 is bringing this truism to light, as tenants’ financial ability to inhabit the spaces in which they live and work are challenged, portending major shifts in local economies.
The following is an excerpt from Don Iannone's LinkedIn series. Don is a writer, teacher, and advisor in the fields of complementary medicine and economic and community development. Don has worked over four decades in the economic development, health care, and higher education worlds.