Market news
24.03.2021, 15:36

U.S. Treasury Secretary Yellen: While unemployment remains high, it's important to provide supplementary relief

  • Economic recovery depends on getting pandemic under control; vaccines are critical to that
  • Direct payments are providing support to families
  • Financial institutions look healthier than before; banks should have ability to make returns to shareholders
  • Time may have come to modernize the unemployment system, to tie it to local conditions or put automatic stabilizers in place
  • My views on U.S. fiscal space have changed since 2017
  • Budget should be on sustainable path in long run
  • More fiscal space doesn't mean that anything goes
  • Longer run, we need to raise revenue to support outlays

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