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Do you think its important that congress extend the relief of extra Unemployment Benefits . I think we try to keep our comments on fiscal policy at a high level. Ill come to your specific question but i would just say this. This is the biggest economic shock in the u. S. And in the world, really, in living memory. We went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months. Extraordinary. And appropriately, the response from fiscal authorities has been large, forceful and very quick by the standards of these things. Roughly 3 ...

I know youre loathe to lay into fiscal policy but given forecast for Unemployment Rates, do you think its important that congress extend the extra unemployment benefits. I think were trying to keep our comments on fiscal policy at a high level ill come to your specific question let me just say this, this is the biggest economic shock in the u. S. And in the world really in living memory we went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months extraordinary. Appropriately the response there fiscal authorities has been large,...

Order to support Economic Growth following the coronavirus pandemic. This News Conference runs an hour. Good afternoon everyone. Thank you for joining us. Our country continues to face a difficult and challenging time as a pandemic is causing tremendous hardship in the United States and around the world. People have lost loved ones and many millions have lost their jobs and there is great uncertainty about the future. At the Federal Reserve we are strongly committed to using our tools to do whatever we can and for as long as it takes to provide some relief instability to ensure the recovery wi...

Going to be joining us in just a second. First, welcome, all the people out in live stream land. Well be taking your questions on hash tag politico breakfast. Tweet us, welcome to the others watching. Appreciative to the bank of america for making these conversations possible. We had a Great Partnership this year, including conventions, election night, and so were very, very excited to be ail to bring these substantive conversations about the most important issues driving washington to you, thanks to the bank of america. Thank you, john, and thank you to your colleagues. You may have gotten ca...

Has seen Discretionary Spending drop three years in a row. Never before in my lifetime have we seen such a thing. I credit this body with being a driving force in that because we were elected by the American People who want to see their fiscal bucks put back in order, but we succeeded on the discretionary side. Discretionary turns out to be the easier nut to crack because that money doesnt go out the door unless this u. S. House of representatives acts. That distinguishes it, mr. Speaker, from mandatory spending. Thats the third set of columns on my chart. Mandatory spending, as i said, 2 3 of...