Here’s what you need to know: While Mr. Powell expressed concern over the long-run sustainability of federal debt, he said now is not the moment to worry about cutting spending…
Tag: Unemployment
Losing the extra $600 unemployment benefit may not have stopped Americans from spending money, J.P. Morgan credit card data show
© Getty Images In July, personal consumer spending rose by 1.9{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}, government data shows. At that point, unemployed Americans were still receiving an extra $600 a week in federal unemployment…
To Reduce Unemployment, The Fed Should Focus On Credit Policy Over Monetary Policy
WASHINGTON, Aug. 27, 2020 — Federal Reserve Chairman Jerome Powell announced on Thursday that the … [+] central bank will seek to achieve inflation that averages 2 percent over time,…
Utah’s slowly declining unemployment claims a sign of broader economic recovery
Thousands of Utahns remain out of work due to the pandemic, but steady improvements in the job market and other economic indicators in several new reports paint the state as…
Losing the extra $600 unemployment benefit may not have stopped Americans from spending money, J.P. Morgan credit card data shows
Whether or not you believe the now-expired $600 weekly unemployment benefit was overly generous or not, like stimulus checks, they allowed more Americans to spend money. But even without the…
Trump Promises Executive Orders On Unemployment, Student Loans And Eviction Ban After Stimulus Talks Fail
TOPLINE With key benefits from the CARES Act having already expired and lawmakers unable to agree on a new coronavirus relief package, President Trump on Friday doubled down on his…