With the package expected to be enacted soon, Bullard said the focus now should be on rolling out the program’s benefits for workers and firms as quickly as possible, allowing the shutdowns needed to keep people healthy, and containing the economic hit in the second quarter of the year, from April to June.
“Everything depends on the virus … but the third quarter would be some kind of transition where you can open things up … Maybe testing will be better, other factors will be better and then at some point you’ll be able to say this is behind us,” he said.
Source: Economy - investing.com