The CARES Act from a Practical and Economic Standpoint
The CARES Act, recently passed by the U.S. Senate and is poised to be passed by the House as well, contains provisions for consumers, small businesses, sole proprietors, independent contractors, and other self-employed individuals to obtain loans and other relief necessary to the continued operation of their businesses during this national health crises.
Join John Fagan and Brendan Walsh with Markets Policy Partners as they explore the provisions of the Act and the economic impacts the Act may have. They will share with us their perspectives on:
- The compromises that were made in this bill;
- What else Congress might do;
- Logistics of distributing the money; and
- Worries over federal debt levels and the trickledown effect on state and local budgets in the future.
About Markets Policy Partners:
Markets Policy Partners’ mission is to provide sophisticated financial market analysis that is independent, accessible, and actionable for a broad public and private sector audience. We are seeking to widen and deepen the communication channels between the policy community and global financial markets, thereby facilitating more informed policymaking and allocation of public and private resources.
From 2014 until September 2018, John Fagan was Director of the U.S. Treasury’s Markets Room and prior to that was a Senior Macro Strategist for Discovery Capital Management, primarily responsible for Asian equity indexes, foreign exchange, and rates markets. John holds a M.P.A. from Harvard’s Kennedy School and a J.D. from Harvard Law School, and as the Harvard University Frederick Sheldon Traveling Fellow, he spent 2001-2002 in Bangkok, Thailand, researching legal reform and development in Thai capital markets. John graduated from Williams College in 1995 with a B.A. in Asian Studies.
From 2006 to summer 2018, Brendan Walsh was a Senior Analyst at Discovery Capital Management covering Global Financial Institutions and was part of the Global Macro Team focusing on macro data, rates, foreign exchange and equity indices. Brendan holds a M.A. from Fordham University in International Political Economy and Development and was an International Travel Fellow to Manila, Philippines in 2004 working on econometric forecasting models. He was also a Jesuit Volunteer Corps volunteer from 2000-2002 where he taught math and English in Pohnpei, FSM. Brendan graduated from the Honors Program at the College of the Holy Cross in 2000 with a B.A. in History.