Speaking with, Yellen said the U.S. needs to"go big" with coronavirus relief in order to help get the economy back on track to pre-pandemic levels.
"It's a big [stimulus] package, but I think that we need to go big now, and that we can afford to go big," she said. "And the most important thing is to get our economy back on track and help people get their lives back, in order to make sure that this pandemic doesn't permanently scar our work force. And I think this is what we need. I'm hopeful that, next year, with a package of this size, we can be back at full employment."
Yellen's comments came after Friday's announcement that the U.S. economy exceeded expectations by adding. While Yellen said she was"pleased" with those numbers, she added that the unemployment rate is still running at about 10 percent. "When you think about the pace, although 379,000 jobs in one month, it sounds like a lot," she said."But, at that pace, it would take us more than two years to get back to full employment. And we're — we want to make sure that our workers get back to full employment, the state we had in the economy before the pandemic struck, a lot sooner than that.
Dems once again, fixing the problems of failing Republican policies. And every Republican voted against fixing and helping Americans.
I believe in this woman. Her guts + intelligence. So refreshing, after 4 long years of ignorance + incompetence.
No. Opening up the economy will bring back full employment in 2022.
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.