Janet Yellen warns of 'tough months ahead' for Covid-hit US economy

[DonViejo]

Source: The Guardian


Treasury secretary urges Congress to ‘act forcefully’ on relief and says she plans talks with regulators about GameStop affair

Joanna Walters in New York
@Joannawalters13

Thu 4 Feb 2021 08.47 EST

Treasury secretary Janet Yellen on Thursday warned of “tough months ahead” before the US economy gets to the other side if the coronavirus-related crisis.

She also said that she and financial market regulators needed to “understand deeply” what happened in the trading frenzy involving GameStop and other retail stocks in recent days before taking any action.

Yellen, who is convening a meeting of top market regulators on Thursday, told ABC’s Good Morning America: “We really need to make sure that our financial markets are functioning properly, efficiently and that investors are protected.”

Link to tweet

Read more: https://www.theguardian.com/business/2021/feb/04/janet-yellen-covid-coronavirus-us-economy

[Proud liberal 80]

1. But let's lower the income level for stimulus payments