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The U.S. two parties still haven't reached a consensus on the epidemic relief plan, The Chicago Fed says easing monetary policy can promote economic recovery

The U.S. two parties still haven't reached a consensus on the epidemic relief plan
The U.S. Senate Assembly is scheduled to enter an adjournment this Friday (7th), but the Democratic Party, Republican Party and the two parties have not yet reached a consensus on the epidemic relief plan. The White House Chief of Staff Meadows said that he is not optimistic that Congress can reach a new economic stimulus plan in the short term, which makes the extra $600 weekly unemployment relief measures that expired last week continue. In addition, the severity of the local new crown epidemic has made the market worry that if a new rescue plan is introduced in a timely manner, the prospect of the closed recession of the US economy will be more severely hit, and the prospects for recovery will become even bleaker.

The Chicago Fed says easing monetary policy can promote economic recovery
Chicago Fed President Evans said that the bureau will not adopt negative interest rates at any time and cause the government to increase fiscal expenditures to support the economy. The budget will gradually promote economic recovery. Only when the direction of controlling the epidemic is stricter and clearer, and the economy further realizes full employment, will the monetary policy be more effective.

 

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