In the emergy facing of the economic effects of the pandemic, the US Federal Reserve is preparing a so-called revision of the medium-term monetary policy framework, in which it will clarify its medium-term goals and the instruments with which it wants to achieve them. Speculation that the Fed will adopt the so-called average inflation targeting in its "monetary policy review", which in other words will mean that monetary policy should ensure that the observed inflation rate averages at least 2%.

White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds. Current fiscal aids for americans is extented emergency jobless benefits decreased from $600 a week. Under the Senate plan, enhanced unemployment insurance would be continued — but at just $200 a week in September. From October, workers would receive 70 per cent of previous wages. In addition to the jobless benefit extension, Americans would get a new round of direct payments from the US Treasury, worth $1,200 for most adults, in addition to the amount they received in April.

One of the tools that the Fed will want to use for this will be the so-called yield curve check, where the central bank will not only set short-term interest rates, but will also be ready to intervene in the (government) bond market so that their yields do not exceed a certain level. It can lead not only to long-term real negative dollar interest rates in the long run, but to uncontrolled bond purchases as well as a huge increase in the Fed's balance sheet and money supply.