What are you going to spend on when everything shutdown? , sit on the money.
The reserve is intended to alleviate bottleneck of lending.
If you intend to withdrawal say 500,000 cold hard cash, they will ask for a few days in advance so that they can load papers and inks for the printing press to crank 24/7.
No one ever really probed why there was an "emergency" in the first place. What was the story? At this stage, no one cares, nor will they now that everyone's hair is on fire.
I lost counts of how many stimulus plan is in the work for this corona outbreak and how many more is coming. Last I checked Congress is working on another massive stimulus plan tonight. As if the larger the death counts the more stimulus we going to have. What if the death count keeps going up well into next year? We all can officially retire , right now, we?ll before 65 year of young at which time covid will take us as soon as the last pay incentive arrived. Not a bad way to plan for retirements.