He warned of the negative impacts of long and deep recessions but express confidence in a few years the u. S. Could return to Economic Prosperity once the virus is under control. His remarks came during an eventood hosted by the Peterson Institute institute for international economics. Good morning and welcome to the Peterson Institute. Im adam, the institutes reserv president and it is my pleasure and privilege to, the honorable serv Jerome Powell of the Federal Reserve. Manyved as of you know obviouslf jay and his service. I just want to remind people that he previously served under thegeor secretary on the financl his jo institutions of the treasury market, and between that andd the board ofde governors in 201, he was a visiting scholar at the policy center working on federal and state fiscal issues. Atd to a time when fiscal polics asanybod much or more in the forefront then mullet Monetary Policy it is very hard to imagine that we can have anyone better than jay powell. Thank you
Countries. Putting people before a debt crisis argentina gets money into the hands of families to fight the Economic Impact of the pandemic. And from a helicopter money to universal basic income could we see more governments picking up last paychecks to keep the economy and businesses alive. The world bank and the International Monetary fund the calling on creditor nations to provide debt relief to the worlds poorest nations amid the coronavirus pandemic rich nations have deployed unlimited funding to combat the pandemic and its Economic Cost the United States and Federal Reserve so far pledge 6 trillion dollars but poorer nations dont have the financial firepower of the worlds richest nations so the move to ease the pressure on the poorest nations comes at a crucial time Health Services in rich nations are being stretched by the crisis developing and poor nations will require support the world bank is making available 12000000000. 00 to support health and primary Care Services in low
How. This is counting the cost on aljazeera your weekly look at the world of business and economics this week. Health services in rich nations are struggling to cope with the coronavirus pandemic so what about poor nations will the world banks multibillion dollar fund be enough to help developing countries. Putting people before a debt crisis argentina gets money into the hands of families to fight the Economic Impacts of the pandemic. And from helicopter money to universal basic income could we see more governments picking up last paychecks to keep the economy and businesses alive. The world bank and the International Monetary fund the calling on creditor nations to provide debt relief to the worlds poorest nations amid the coronavirus pandemic rich nations have deployed unlimited funding to combat the pandemic and its Economic Cost the United States and Federal Reserve of so far pledge 6 trillion dollars but poorer nations dont have the financial firepower of the worlds richest natio
And current. Aljazeera. This is counting the cost on aljazeera your weekly look at the world of business and economics this week. Health services in rich nations are struggling to cope with the coronavirus pandemic so what about poor nations will the world banks multibillion dollar fund be enough to help developing countries. Putting people before a debt crisis argentina gets money into the hands of families to fight the Economic Impacts of the pandemic. And from helicopter money to universal basic income could we see more governments picking up last paychecks to keep the economy and businesses alive. The world bank and the International Monetary fund the calling on creditor nations to provide debt relief to the worlds poorest nations amid the coronavirus pandemic rich nations have deployed unlimited funding to combat the pandemic and its Economic Cost the United States and Federal Reserve of so far pledge 6 trillion dollars but poorer nations dont have the financial firepower of the w
Around the world. With updates about travel restrictions and how to protect yourself. Around a virus pandemic special coverage on aljazeera. Hello im sorry this is counting the cost on aljazeera your weekly look at the world of business and economics this week. Health services in rich nations are struggling to cope with the coronavirus pandemic so what about poor nations will the world banks multibillion dollar fund be enough to help developing countries. Putting people before a debt crisis argentina gets money into the hands of families to fight the Economic Impacts of the pandemic. And from helicopter money to universal basic income could we see more governments picking up last paychecks to keep the economy and businesses alive. The world bank and the International Monetary fund the calling on creditor nations to provide debt relief to the worlds poorest nations amid the coronavirus pandemic rich nations have deployed unlimited funding to combat the pandemic and its Economic Cost the