3 steps Powell believes Congress should take to keep US economy afloat - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Powell testified to Congress this week, and he weighed in about the risks of abruptly cutting off federal aid too soon.

But that hasn't derailed Powell from launching programs to aimed at pumping massive amounts of cash into the economy and keep the recession from worsening. Here are the three key areas where Powell has encouraged further federal action to keep the economy afloat.People lining up to file unemployment claims in Arkansas back in April.The Fed chair said there was still "reluctance" among many workers to head back to work during the pandemic, particularly those who held jobs in the service sector where close contact with customers is the norm."I would just say ... it probably is going to be important that it be continued in some form ...

A bipartisan group of top economists unveiled on Tuesday a plan to implement beefed-up payments of up to $400 a week tethered to unemployment rates in individual states.Heath Jones is a US Army neuroscientist whose side hustle is scooping up real estate for passive income. Here's how he leverages a simple strategy for extra cash.New York Gov. Andrew Cuomo is facing mounting scrutiny over his handling of the coronavirus when it comes to nursing homes.

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