'Central banks can't cure the virus,' former Fed governor Kroszner says, and lays out the next steps policymakers may take to respond to the virus

'Central banks can't cure the virus,' former Fed governor Kroszner says, and lays out the next steps policymakers may take to respond to the virus

Business Insider

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· Randall Kroszner, a former Federal Reserve governor,  said central banks won't cure COVID-19. 
· He told CNBC's Squawk Box: "They can't cure the virus, they can't unlock economies and they can't replace broken supply chains."
· He predicted a number of companies will default, prompting a return to the debt forgiveness...

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