Receive our newsletter – data, insights and analysis delivered to you
  1. Uncategorised
October 7, 2020

Weak US recovery worry as Trump ends stimulus talks

By Paul Dennis

7 October

The long discussions between the Republicans and Democrats on the next round of economic stimulus for the US ended abruptly, without hopes for additional aid for businesses and households.

Claudia Sahm, a policy analyst, shared an article on the comments made by Federal Reserve chair, Jerome H. Powell, after US President Donald Trump abruptly called off stimulus talks ending hopes for providing additional aid for people affected by the pandemic.

Powell noted that lack of support could lead to a weak recovery and cause hardship for both households and businesses.

He noted that the risks of overdoing stimulus are smaller in comparison to the damage that lack of support will cause including household insolvencies and business bankruptcies.

Powell also noted that prolonged recovery will lead to increased job losses and economic disparity as low income groups, people of colour and women were most likely to be affected.

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating

He opined that recovery will be stronger if monetary policy and fiscal policy work together.

Read more

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU