日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Former US Fed chiefs urge Congress to pass another COVID-19 relief bill

Xinhua | Updated: 2020-07-18 12:23
Share
Share - WeChat
People wait for a distribution of masks and food in the Harlem neighborhood of New York, US, April 18, 2020. [Photo/Agencies]

WASHINGTON -- Former US Federal Reserve chiefs Ben Bernanke and Janet Yellen on Friday urged Congress to pass another COVID-19 relief bill as the pace of US economic recovery could be slow and uneven.

At a hearing before the House Select Subcommittee on the Coronavirus Crisis, the two former Fed chiefs warned that the United States could face deep, permanent economic damage without further relief packages.

They suggested that the next COVID-19 relief bill should focus on three areas: increasing spending on public health, extending enhanced unemployment benefits, and providing further aid to state and local governments.

"Money spent on public health yields a very high return and it means that the economy can get back on its feet more rapidly. We can reopen and put people back to work and of course we also save lives in the process," Yellen said at the hearing.

Yellen added that "it would be a catastrophe" not to extend the enhanced weekly unemployment insurance of 600 US dollars, which is set to expire at the end of this month.

"The unemployment insurance has a humanitarian aspect. We want people to be able to pay their bills and to stay in their homes," echoed Bernanke, adding that the unemployment insurance will also increase aggregate demand and help the economy generally.

Asked about the potential impact of capping the next COVID-19 relief package at 1 trillion dollars, Yellen said, "I would be concerned about capping it when we know that the needs of the state and local governments alone come close to that and a substantial amount will also be needed for unemployment insurance and for public health needs."

Last month, Bernanke, Yellen and another 100 economists urged US Congress to immediately pass a "multifaceted relief bill of a magnitude commensurate with the challenges our economy faces" as the COVID-19 fallout continued to ripple through the country.

U.S. output is expected to contract by an annualized rate of 37 percent in the second quarter and by 6.6 percent for 2020 as a whole, the International Monetary Fund (IMF) staff said on Friday, after concluding an annual Article IV review of the US economy.

"The principal risk, and one that is the most difficult to quantify, is that a resurgence in the number of COVID-19 cases in the US could lead to renewed, partial shutdowns in order to preserve lives, particularly of vulnerable populations," they said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: av免费不卡国产观看 | 久久久91精品国产一区二区三区 | 一区二区免费在线观看 | 日韩大片在线永久观看视频网站免费 | 狠狠色噜噜狠狠狠狠2018 | 国产九九九 | 久久亚洲国产精品 | 午夜国产电影 | 国产精品欧美日韩 | 91网页视频入口在线观看 | 国产h视频在线观看高清 | 国产日韩一区 | 国产中文字幕久久 | 日产精品卡二卡三卡四卡乱码视频 | 91精品一区二区三区久久久久久 | 2022国产成人福利精品视频 | 波多野结衣精品 | 一级欧美黄色片 | 国产激情在线观看 | 久操视屏 | 米奇精品一区二区三区在线观看 | 天堂资源在线 | 亚洲国产高清高潮精品美女 | 国产伦精品一区二区三区精品视频 | 日本午夜网站 | 精品久久国产 | 尤物国产在线精品福利一区 | 91在线观看网站 | 激情久久一区二区 | 成人精品国产 | 欧美激情免费观看一区 | 国产亚洲综合成人91精品 | 超碰激情 | 国产91对白叫床清晰播放 | www男人天堂 | 亚洲日韩欧洲无码av夜夜摸 | 狙击兵2通古电影高清 | 色天天天天综合男人的天堂 | a欧美| 中国一级毛片在线视频 | 日韩国产在线 |