Steve Skancke

by: Steven L. Skancke, Ph.D., Chief Economic Advisor at Keel Point and formerly White House and Treasury Department Staff Member The short and long term effects of the Coronavirus pandemic on the US economy and financial markets are difficult to predict. Steven L. Skancke, Chief Economic Advisor at Keel Point, answers some of the frequently asked questions he is receiving this month. May Update on COVID-19 Impact on Economy and Financial Markets #1 – Impact of COVID-19 and containment measures on economic growth? Fed Chairman Powell changes tone: Risk of prolonged recession and weak recovery that leaves lasting damage. Deep job…

by: Steven L. Skancke, Ph.D., Chief Economic Advisor at Keel Point and formerly White House and Treasury Department Staff Member The short and long term effects of the Coronavirus pandemic on the US economy and financial markets are difficult to predict. Steven L. Skancke, Chief Economic Advisor at Keel Point, answers some of the frequently asked questions he is receiving this month. April 2020 Update on COVID-19 Impact on Economy and Financial Markets 1. What is the impact of COVID-19 and containment measures on economic growth? Just reported US 2020 first-quarter GDP growth estimate is down 4.8% at an annualized rate…