Political Quotes

“the Senate Banking Committee this morning will hear testimony from Secretary Mnuchin and Federal Reserve Chairman Powell about the economic distress caused by the COVID-19 pandemic. This testimony from the Secretary and the Chairman of the Fed is one of the requirements that Senate Democrats secured in the CARES Act, and we have been pushing for it to happen for several weeks. The fact that it has taken so long is, once again, one more indication that our Republican Senate colleagues are not focused on the COVID crisis but on other diversionary issues, as witnessed by Leader McConnell's speech, which I will have something to say about in a few minutes. It could not be more urgent that they are testifying. The COVID-19 pandemic has thrown over 35 million people into sudden unemployment, the highest level since the Great Depression. Chairman Powell has said that further layoffs can continue for months. The anguish that so many people feel. Without further action, Powell said, we risk ``prolonged recession and weak recovery,'' with unemployment reaching 20 percent or even 25 percent. In Chairman Powell's words, it may be that Congress has to do more, and the reason we have to do more is to avoid longer damage to the economy. Those are Chairman Powell's words, a nonpolitical appointee by President Trump. Mr. Powell's testimony this morning, hopefully, will jolt my Republican colleagues into action, finally.…”