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U.S. economy needs more stimulus and more masks, Fed policymakers say

August 03, 2020

“Four months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate. Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate,” Richmond Fed President Thomas Barkin said in webcast remarks to the Northern Virginia Chamber of Commerce.

The post U.S. economy needs more stimulus and more masks, Fed policymakers say appeared first on CNBC Africa.

CNBC AFRICA

Source : African Media Agency (AMA)

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