But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view the other day, i think it was just a week or so ago, that inflationary risks are also asymmetric right now. Im much more afraid of people losing their careers and life that they built because they dont get back to work in time. Im more concerned about what that will do not just to their lives but to the American Economy. Im more concerned about that than which exists with higher inflation. In our
I think it was an effective measure. The idea now is we have to hit back hard. We have to hit back strong if were going to finally put this dual crisis of the pandemic and economic payment engendered behind us. With respect to larrys point, one thing is just wrong which is our team is dismissive of inflationary risks. We have constantly argued the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to put this virus behind us. I want to quote Jerome Powell who strongly reiterated this view the other day. I think it was a week or so ago that inflationary risks are also asymmetric. He said, im much more worry about falling short of a complete recovery and losing peoples careers and lives they built because they dont get back to work in time. Im more concerned about the damage that will do, not just to their lives but to the United States economy, to the productive capacity of the economy. Im more concerned abou
by our president as we join with him in promising that help is on the way. this is one of the most consequential pieces of legislation we have passed in decades. and you know what we can show america that we can get things done to make their lives better. this is what it looks like. three democrats basically run the levers of government in washington now, the congressional leaders as you heard there and president biden. and on this they re united on the import of landmark legislation to fund covid testing, vaccines, and health care while trying to juice the economy and fortify budgets around the nation. they have bipartisan wind at their back. fully 75% of americans and 59% of republican voters back this biden/schumer/pelosi project. in other words, millions of trump supporters now back president biden s first big priority in office while their own elected leaders seem out of step. not a single republican elected official voted for the bill today in the house. the preside
PM Ibrahim reshuffled his cabinet, making changes including the posts of foreign, defense and energy ministers and the return of a second finance minister.
Biden is poised to nominate Su as his labor secretary to replace Walsh, who will be stepping down next month to join the National Hockey League Players Association.