Economic Response to Coronavirus Response
Federal Reserve Chair Jerome Powell testified before the House Select Subcommittee on the Coronavirus Crisis on the central bank’s response … read more
Federal Reserve Chair Jerome Powell testified before the House Select Subcommittee on the Coronavirus Crisis on the central bank’s response to the COVID-19 pandemic. Several topics were discussed, including ways to improve the Main Street Lending Program, the rise in inflation, growing a fair and equitable economy, and infrastructure investments. Chair Powell said concerns of contracting the virus, school closures, lack of childcare, and enhanced unemployment benefits are some of the reasons for businesses experiencing staffing shortages. He stressed that he expects hiring and job numbers to increase by fall 2021. close
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- Raja Krishnamoorthi U.S. Representative [D] Illinois
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