Jerome Powell said "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." @ PoliticalQuotes.com

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

Source

congress.gov

Editor's note · Context

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

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