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Extension of Jobless Benefits to Buoy Growth, Fed’s Kaplan Says

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Fed's Kaplan Says We Need to Live With the Virus

A continuation of some form of extra unemployment benefits would bolster economic growth, Federal Reserve Bank of Dallas President Robert Kaplan said.

The extra $600 per week of jobless aid passed by Congress in March amid the start of the coronavirus pandemic ran out at the end of July. Lawmakers debating the next round of stimulus are at a stalemate over whether, and in what form, to extend the benefits.