Washington county Jerome city Powell, county Jerome covid-19 pandemic economy Government Washington county Jerome city Powell, county Jerome

Fed chair warns lack of further COVID-19 stimulus imperils economic recovery

Reading now: 731
www.fox29.com

WASHINGTON - Federal Reserve Chair Jerome Powell warned Tuesday that a tentative recovery from the pandemic recession could falter unless the federal government supplies additional economic support.Powell said that government support — including expanded unemployment insurance payments, direct payments to most U.S.

households and financial support for small businesses — has so far prevented a recessionary “downward spiral” in which job losses would reduce spending, forcing businesses to cut even more jobs.But the U.S.

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA