Economics
Fed Officials Talk Up Urgency of Fiscal Aid as Lawmakers Bicker
- Chicago Fed’s Evans: failure to extend support will be costly
- Dallas’s Kaplan said congressional assistance protected jobs
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Federal Reserve officials warned Monday that another round of fiscal relief would be critical for the U.S. economy as lawmakers continued to negotiate the contours of additional aid.
Tens of millions of Americans who lost their jobs as a result of the coronavirus pandemic have in recent months relied on the enhanced unemployment insurance payments authorized by Congress in March to pay their bills and put food on the table, while temporary moratoriums on evictions have kept roofs over their heads.