Fed’s Bullard proposes way to ‘end the crisis’: Pay all costs for companies developing tests

James Bullard

David A. Grogan | CNBC

St. Louis Federal Reserve President James Bullard proposed what he sees as the best economic solution to the coronavirus crisis: Pay full costs for any firm that comes up with a test for the virus that can assure the public that it’s safe to resume activity.

Doing so, he said Friday, would create a “gold rush” of testing that would help offset the…

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