Yellen urges Congress to do more to fight pandemic recession


Yellen urges Congress to do more to fight pandemic recession

WASHINGTON (AP) — Treasury Secretary nominee Janet Yellen is calling on Congress to do more to fight a deep pandemic-induced recession. In testimony prepared for her Senate confirmation hearing on Tuesday, Yellen says the threats of a longer and even worse downturn are too great to cut back on support now. She says that without further action, the U.S. risks a longer, more painful recession now and long-term scarring of the economy later. Yellen would be the first woman to lead the Treasury Department. She was the nation’s first female chair of the Federal Reserve.

The post Yellen urges Congress to do more to fight pandemic recession appeared first on WBNG.

Source: Binghamton NY Latest News
Yellen urges Congress to do more to fight pandemic recession

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *


Comments