The Federal Reserve, along with others across government, is working to alleviate the economic fallout.
Jerome Powell
The Public Record
Jerome Powell is the 16th Chair of the Federal Reserve, having been appointed to the position in February 2018. He is a member of the Republican Party and has played a significant role in shaping U.S. monetary policy during his tenure. Powell's leadership has been marked by efforts to navigate the economy through challenges such as inflation and employment fluctuations, particularly in the wake of the COVID-19 pandemic. He has emphasized the importance of balancing the pace of monetary policy adjustments to avoid both inflationary pressures and job losses in the labor market.
The rise in joblessness has been especially severe for lower-wage workers, for women, for African Americans, and for Hispanics.
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…
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.
This is the time to use the great fiscal power of the United States to do what we can to support the economy.
I do think it is incumbent on us to do the research and understand the implications of climate change.





