- U.S. Treasury Secretary Yellen: While unemployment remains high, it's important to provide supplementary relief
Market news
24 March 2021
U.S. Treasury Secretary Yellen: While unemployment remains high, it's important to provide supplementary relief
- Economic recovery depends on getting pandemic under control; vaccines are critical to that
- Direct payments are providing support to families
- Financial institutions look healthier than before; banks should have ability to make returns to shareholders
- Time may have come to modernize the unemployment system, to tie it to local conditions or put automatic stabilizers in place
- My views on U.S. fiscal space have changed since 2017
- Budget should be on sustainable path in long run
- More fiscal space doesn't mean that anything goes
- Longer run, we need to raise revenue to support outlays
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