Tuesday, October 6, 2020

Powell said Tuesday that the risks of Congress pouring too much stimulus into the economy are far lower than the risk of not doing enough

Yet Powell said Tuesday that the risks of Congress pouring too much stimulus into the economy are far lower than the risk of not doing enough. Although government spending is adding to an already sky-high federal budget, lawmakers should act, Powell argued.

"The US federal budget is on an unsustainable path, has been for some time," Powell said. But "this is not the time to give priority to those concerns." 

end partial quote from:

https://www.cnn.com/2020/10/06/economy/fed-powell-coronavirus-stimulus/index.html

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