In response to the COVID-19 pandemic and the corresponding market crash, the Fed first lowered interest rates to stimulate the economy. When interest rates couldn't go any lower, the Fed took another drastic step to keep the economy afloat: printing more money. In this short video from Cooper Academy, hedge-fund manager Ray Dalio explains the response to the COVID-19 crash: how it mirrors the Fed's response in 2008 and 1929, why we are likely to see an inflationary period as a result, and what you can do to prepare for it.
