Janet Yellen: “I think it is also appropriate for Congress to look at what some of the special needs of long-term unemployed are.”

The Biden Administration has driven an historic economic recovery over the past three years.

President Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.

The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.

the Biden Administration has generally taken the view that it is up to Congress to decide what to do about that.