Jerome Powell actually said...

People are right now, they're getting enhanced unemployment insurance. Perhaps many have gotten support checks as part of the CARES Act. But...

Many employees are reluctant to go back quickly, and it may partly be that the $600 is generous compared to what they make.

if not contained and reversed, the downturn could further widen gaps in economic well-being

Additional fiscal support could be costly but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery.