including a provision to set the federal jobless insurance boost to 70% of a worker's previous wages. In their $3.4 trillion coronavirus relief measure, passed in May, House Democrats want to extend the weekly $600 bump to January. Both the Republican and Democratic bills include another round of direct payments to Americans.US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates on March 3, 2020 in Washington, DC.
The Fed's policymaking committee decided to maintain the target range for the overnight fed funds rate at 0%-0.25% at its last meeting in June as it continued to assess the impact of the pandemic on U.S. economic growth.U.S.
Source: News Formal (newsformal.com)
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