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  • the current economic downturn is the most severe in our lifetimes.

  • It will take a while to get back to the levels of economic activity and employment that prevailed at the beginning of this year, and it may take continued support from both monetary and fiscal policy to achieve that.

  • I just would say that I think we'll have a stronger recovery if we could just get a least some more fiscal support when it's appropriate.

  • You know, when it's appropriate into the size Congress thinks it's appropriate.

  • Um, I do think that that will likely.

  • And by the way, you you see, um, you know a lot of discussion on both sides of the aisle on both sides of the hill.

  • That suggests, generally that there will be something this will take a whole of government approach, including health care policy and fiscal policy to So it really is if you if you want to get the economy back as's quickly as possible to where we want it to be, then really, it should be all of government working together.

  • Is monetary policy out of power or out of ammo?

  • And the answer to that would be no.

  • I don't think that I think I think that we are strongly committed to using these powerful tools that we have to support the economy.

  • Ah, during this difficult time for us, long as needed and no one should have any doubt about that.

the current economic downturn is the most severe in our lifetimes.

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A2 fiscal policy fiscal policy monetary economy support

Congress needs to do more to help the economy, Powell says

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    林宜悉 posted on 2020/11/06
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