United States Secretary of the Treasury Janet Yellen is making its comments on the Treasury’s response to the coronavirus crisis in the face of the Senate Banking Committee.
Featured statements
“Economic recovery depends on the pandemic being under control, vaccines are essential for that.”
“Direct payments support families.”
“Financial institutions look healthier than before, banks should have the ability to generate profits for shareholders.”
“It is important to ensure that financial institutions are resilient to the risk of climate change.”
“While unemployment remains high, it is important to provide additional relief.”
“It may be time to modernize the unemployment system, to link it to local conditions or to put in place automatic stabilizers.”
Market reaction
The market mood remains optimistic after these comments and the S&P 500 index it was last seen gaining 0.44% on the day at 3,926.
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