Send a Tweet
Most Popular Choices
Share on Facebook 10 Share on Twitter Printer Friendly Page More Sharing
General News    H4'ed 10/9/20

Second stimulus checks: Fed chair Powell urges direct payments and other aid

Quicklink Submitted By   No comments
Become a Premium Member Would you like to know how many people have read this article? Or how reputable the author is? Simply sign up for a Advocate premium membership and you'll automatically see this data on every article. Plus a lot more, too.
Follow Me on Twitter     Message Meryl Ann Butler
Become a Fan
  (82 fans)

Powell Testimony 2018 %2842753534974%29.
Powell Testimony 2018 %2842753534974%29.
(Image by Wikipedia (commons.wikimedia.org), Author: Federalreserve)
  Details   Source   DMCA

Federal Reserve Chair Jerome Powell warned that a tentative recovery from the pandemic recession could falter unless the federal gov't supplies additional economic support — including direct payments to most US household. The comments came Tues. just hours before Pres. Trump cut off talks with Dems over an economic aid package and then tweeted he wanted a standalone deal focused only on $1,200 stimulus checks. It’s important to note House Speaker Nancy Pelosi has regularly said she won’t support standalone stimulus bills, meaning Trump’s tweet is largely symbolic. Powell, in a speech, asserted that economic support from the gov't — including expanded unemployment insurance payments, a 2nd round of checks 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.

Read the rest of the story HERE:

At www.wavy.com

 

Rate It | View Ratings

Meryl Ann Butler Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Meryl Ann Butler is an artist, author, educator and OpedNews Managing Editor who has been actively engaged in utilizing the arts as stepping-stones toward joy-filled wellbeing since she was a hippie. She began writing for OpEdNews in Feb, 2004. She became a Senior Editor in August 2012 and Managing Editor in January, (more...)
 

Related Topic(s): ; ; , Add Tags
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: