When the time comes, after the crisis has passed, we will put these emergency tools back in the tool box. I would stress that these are lending powers, not spending powers. I will also note that we design our facilities to work for broad ranges of businesses and municipalities. We do not target particular firms or industries. Elected officials make decisions about where to direct such target relief. The cares act and other legislation provide direct help to people, businesses, and communities. This direct support is making a critical difference. Not just in helping families and businesses, but also in limiting long lasting damage to our economy. Public faith in our operations depends on transparency. If the fed were committed to that, particularly in deploying our emergency powers. Thank you. I look forward to our questions. Thank you very much, chairman powell. I now recognize myself for five minutes for questions. As i mentioned in my opening, the pandemic is strengthening and so, to
By this because heres what were learning today today new report fresh off the press right so grocery prices are increasing and i mean in a big way theyre showing their biggest monthly increase in nearly 50 years last month this is according to the bureau of labor statistics in the United States government biggest jump meat and eggs youre now paying 4. 3 percent more for meat megs all in one month by the way imagine how much higher it could still get by the way you going to be paying 1. 5 percent more for fruit and vegetables and 2. 9 percent more for cereals and brats just on average you want to talk jobs lets talk jobs new study there too this comes out of Stanford University it says that of all the people who have lost their jobs in the United States so far 60 percent of those are going to get their jobs back conversely 40 percent are not going to get their. Jobs back thats a big nut right now this is based on whats happened historically during recessions and its about a month long s
By this because heres what were learning today today new report fresh off the press right so grocery prices are increasing and i mean in a big way theyre showing their biggest monthly increase in nearly 50 years last month this is according to the bureau of labor statistics in the United States government biggest jump meat and eggs youre now paying 4. 3 percent more for meat megs all in one month by the way imagine how much higher it could still get by the way you going to be paying 1. 5 percent more for fruit and vegetables and 2. 9 percent more for cereals and breads just on average you want to talk jobs lets talk jobs new study there too this comes out of Stanford University it says that of all the people who have lost their jobs in the United States so far 60 percent of those are going to get their jobs back conversely 40 percent are not going to get their jobs back. Thats a big nut right now this is based on whats happened historically during recessions and its about a month long
By this because heres what were learning today today new report fresh off the press right crease in nearly 50 years last month this is according to the bureau of labor statistics in the United States government biggest jump meat and eggs youre now paying 4. 3 percent more for meat megs all in one month by the way imagine how much higher it could still get by the way youre going to be paying 1. 5 percent more for fruit and vegetables and 2. 9 percent more for cereals and breads just on average you want to talk jobs lets talk jobs new study there too this comes out of Stanford University it says that of all the people who have lost their jobs in the United States so far 60 percent of those are going to get their jobs back conversely 40 percent are not going to get their jobs back thats a big nut right now this is based on whats happened. Historically during recessions and its about a month long study that they have done now lets look at the macro side to this story and by that i mean all
By this because heres what were learning today today new report fresh off the press right so grocery prices are increasing and i mean in a big way theyre showing their biggest monthly increase in nearly 50 years last month this is according to the bureau of labor statistics in the United States government biggest jump meat and eggs are now paying 4. 3 percent more for meat megs all in one month by the way imagine how much higher it could still get by the way you going to be paying 1. 5 percent more for fruit and vegetables and 2. 9 percent more for cereals and breads just on average you want to talk jobs lets talk jobs new study there too this comes out of Stanford University it says that of all the people who have lost their jobs in the United States so far 60 percent of those are going to get their jobs back conversely 40 percent. Are not going to get their jobs back thats a big nut right now this is based on whats happened historically during recessions and its about a month long st