Powell Warns of Prolonged Economic Pain Without Help
Jerome H. Powell, the Federal Reserve chair, said it was better to overdo the pandemic policy response to avert “tragic” fallout than to undershoot.
This lede: Fed Chair Powell "delivered a blunt message to Congress & the WH on Tuesday: Faced with a once-in-a-century pandemic that has inflicted economic pain on millions of households, go big. Hours later,
delivered his own message: Forget it"
Jay Powell delivered a blunt message to Congress and the White House on Tuesday: Go big on economic stimulus. Hours later, President Trump delivered his own message: Forget it. v
Chair Powell tl;dr -- Better to go big.
anyways, read me
on today's developments >
Trump Abruptly Ends Stimulus Talks After Fed Chair Urges Economic Support
More help needed - “no regrets” approach needed for fiscal and monetary policy too #covid19 via
, by contrast, chose to be recklessly negligent It’s the drugs, or does he realize his rancid reality show regime is coming to an end?