What lessons from 2008 financial crisis can be applied to coronavirus economic fallout?

Financial panic rocked world markets Monday. All three major U.S. stock indices were down over 10 percent, despite extraordinary action Sunday by the Federal Reserve to cut a key interest rate to zero. But the painful economic implications of the COVID-19 pandemic extend far beyond Wall Street. John Yang talks to David Wessel of the Brookings Institution about the need for fiscal stimulus.

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