Full employment could return in 2022 if stimulus passes, Yellen says - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States Headlines News

Treasury Secretary Janet Yellen: Biden's stimulus bill could help US employment bounce back to normal by 2022

Treasury Secretary Janet Yellen said US employment could return to normal by 2022.Democrats and Biden have indicated they will pass the package with or without bipartisan support. Treasury Secretary Janet Yellen said the US could see employment rebound to pre-pandemic levels by 2022 if Congress passes President Joe Biden's coronavirus stimulus package.

"This package is going to really speed recovery. And analysis by Moody's and economists at the Brookings Institution show that very clearly — that we will get people back to work much sooner with this package," Yellen said on"I would expect that if this package is passed that we would get back to full employment next year.

would commit $1.9 trillion to aid state and local governments, fund vaccination efforts, distribute a wave of $1,400 stimulus checks, and temporarily enhance unemployment benefits, among other efforts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The GQP response: “well, we don’t want that recovery to occur. Time to create more obstacles!”

yellen works for wallst

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.