Fed Chair urges Congress to consider another fiscal rescue to avoid long slump
Jerome Powell, the Federal Reserve Chairman urged the Congress on Wednesday to consider another fiscal rescue package. Mr. Powell said that a package would be important to prevent the economy from slipping into a cycle of business failures, bankruptcies and job losses well after the pandemic passes.
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RIGHTijr.org
Burger
2 weeks
How about helping people who actually need it this time!
Mutatis
2 weeks
Unsurprising move by the fed, given their previous actions in recent months.
Occam’s lazer
2 weeks
Lol that ain’t how it works homie, federal intervention caused this *crisis*
FoodNotBombs
2 weeks
UBI
Top in U.S.
as long as you are planning to increase the liquid assets of the base of the economy rather than the top. economy bubbles up, it doesn't trickle down. money in the hands of wealthy stock owners will just lead to stock buyback, not employment or production. small business investment, ending tax breaks and subsidies, and UBI will ensure money keeps flowing through the economy rather than stagnating at the top.