Mayra Rodriguez Valladares, a capital market consultant and trainer who works with banks on risk and management issues, expressed concern that there is an over-reliance on monetary policy during times of economic disruption.
“Legislators should be doing fiscal stimulus,” she told Banking Dive. “They should be sending out money so that community colleges can be doing online training for all those people who are going to lose their jobs. They should be passing bills to increase money to the [Centers for Disease Control] to do more testing. The market is collapsing not because bankers and traders can’t cope with risk, these people deal with risk every day. The reason that there’s such a freakout is because of the uncertainty. … The Fed can only do so much.”