Political Quotes

Jerome Powell: People are right now, they're getting enhanced unemployment insurance. Perhaps many have gotten support checks as part…

On the recordJune 17, 2020
People are right now, they're getting enhanced unemployment insurance. Perhaps many have gotten support checks as part of the CARES Act. But over time, they don't have a secure income. And to the extent they lose those benefits they're getting, then they are going to come under financial pressure right away.
Said by
Jerome Powell
Republican · District of Columbia

Editor's note · Context

Fed Chairman Powell warns about the risks of cutting unemployment benefits during the crisis.

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