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, forceful, and very quick by the standards of these things roughly 3 trillion congress has authorized, and thats benefiting households, laid off workers, small and medium businesses, hospitals, state and local governments, 14 of gdp, its in a class by itself in terms of both the size and the speed of it. Its also pretty innovative. Both the ppp and Unemployment Insurance are quite innovative in th
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 will be a strong as possible and to limit lasting damage to the economy. The most important response to the crisis has come from a healthcare workers and on behalf of the Federal Reserve look me express our dedicated individuals who put themselves at risk day after day and service to others and to our nation. Let me also think the essential workers across the country who have helped meet our basic n
But now we come in and we have at least 50. We meet a 13 year old whos taken on the job of filling teacher in gaza during. 7 china is planning to push through National Security laws in hong kong following months of mass protests against the Central Government and this comes as chinas biggest political gathering of the year kicks off in beijing the draft legislation will most certainly be rubber stamped by the National Peoples congress its Spokesman Says the new law serves the fundamental interests of both china and hong kong activists fear it could be used to limit the Political Freedoms in hong kong. Xanga could be. Hong kong as an inseparable part of the peoples republic of china the m. P. C. Is the highest organ of state power in light of new circumstances and need the n. P. C. Is exercising the power in trying to in the constitution to establish and improve at the state level a Legal Framework and enforcement mechanism for safeguarding National Security in hong kong and uphold and
2400000 new unemployment claims in the past week. Drive to attract tourists back to one of the worlds most visited cities but there are safety concerns. And support that a catalyst. Committing imbalance to keep the event affordable for barack. Is not pricing out supporters has become more important to Economic Impact at the coronavirus. So than china is planning to push through National Security laws on hong kong following months of mass protests against the Central Government and this comes as chinas biggest political gathering of the year kicks off in beijing the draft legislation will almost certainly be rubber stamped by the National Peoples congress is Spokesman Says the new law serves the fundamental interests of both china and hong kong activists fear it could be used to limit the Political Freedoms in hong kong. Xanga could be. Hong kong as an inseparable part of the peoples republic of china the m. P. C. Is the highest organ of state power in light of new circumstances and nee
That we made 13 year old has taken on the job of fill in teacher in gaza during the pandemic. China is planning to push through National Security laws on hong kong following months of mass protests against the Central Government this comes as chinas biggest political political gathering of the it kicks off in beijing at the draft legislation would almost certainly be rubber stamped by the National Peoples congress it Spokesman Says the new law serves a fundamental interests of both china and hong kong activists fear it could be used to limit the Political Freedoms in hong kong. Jungle could be a chanson tree hong kong is an inseparable part of the peoples republic of china the m. P. C. Is the highest organ of state power in light of new circumstances and need the n. P. C. Is exercising the power in trying to in the constitution to establish and improve at the state level a Legal Framework and enforcement mechanism for safeguarding National Security in hong kong and uphold and improve t