Fed Chair urges Congress to consider another fiscal rescue to avoid long slump

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.

Skeptic
Skeptic
michael
michael 3 months

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.

Burger
Burger 3 months

How about helping people who actually need it this time!

Mutatis
Mutatis 3 months

Unsurprising move by the fed, given their previous actions in recent months.

FoodNotBombs
FoodNotBombs 3 months

UBI

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