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Vocal critics of the US pandemic response are emerging: it's central bankers - Business Insider

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Vocal critics are emerging of the US pandemic response: its central bankers

of questionable legality to temporarily extend certain stimulus provisions.

Mary Daly, the president of the Federal Reserve Bank of San Francisco, told reporters on Wednesday that congress needs to agree on a new stimulus package as the US economy may flat out never recover from the pandemic, according to the"It's certainly possible that we don't come back, at least in certain sectors in the same way as before," she said. "That will mean a large number of workers are not able to go back to the same jobs they had before the pandemic.

Daly also pointed to the US government letting unemployment lapse on July 31 as an example of the inconsistent response that is ultimately

 

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