U.S. Treasury Secretary Janet Yellen said Thursday that they need “go big” to provide a bridge and avoid scars on the economy, as reported by Reuters.
“Small businesses need help getting to the other side,” Yellen said. He stated that President Biden’s desire is to achieve that on a bipartisan basis. He indicated that the package addresses a wide range of needs. He argued that they have two crises they are facing: the pandemic and the economy. Yellen warned that there are difficult months ahead.
“I’m not sure what Friday’s employment report holds“said the Secretary of the Treasury.
Over the recent events in financial marketsWith cases such as Gamestop, the former president of the Federal Reserve expressed the need to ensure that markets function properly. He will meet with regulators and discuss whether recent events warrant further action. He explained that before taking action, they seek to understand what happened.
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