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Fed Chair: Rise in inflation not "particularly large" from $1.9 trillion rescue package

Mar 23, 2021
Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the House Financial Services Committee Tuesday.
Screengrab via Youtube

What kind of medical cost coverage has the CARES Act offered Americans?

Dec 28, 2020
Even an uncomplicated case of COVID-19 can result in out-of-pocket costs.
A nurse cares for a COVID-19 patient at a hospital in Worcester, Massachusetts, on Dec. 4, 2020.
Allison Dinner/AFP via Getty Images

Tampons, pads on expanded list of items OK'd for FSA spending

Dec 23, 2020
The CARES Act expanded the list of items that FSA money can be used to buy, which includes feminine hygiene products.
People can use the money that they put aside for menstrual products if they buy them at the FSA store or with reimbursable expenses.
ShotShare/iStock via Getty Images

Why hasn't Congress fixed unemployment insurance?

Dec 17, 2020
Congress was able to pass the CARES Act quickly, but its benefits expire Dec. 26. Will they be extended?
Congress has known what's wrong with unemployment insurance for decades.
Olivier Douliery/Contributor Getty Images

Dueling views of the economy we're in

Dec 1, 2020
In their Senate testimony, Treasury chief Steven Mnuchin emphasized progress and Fed Chair Jerome Powell focused on unmet needs. Does their divergence matter?
Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell greet each other as they arrive at Tuesday's Senate Banking Committee hearing.
Al Drago/AFP via Getty Images

What's next for Main Street, Wall Street as Fed lending programs are set to expire

Nov 20, 2020
Fed programs and policy have helped ease economic pain during the pandemic. In its dwindling days, the Trump administration will end some of those emergency programs Dec. 31.
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin greet each other after testifying before Congress in June.
Tasos Katopodis/Getty Images

Mnuchin moves to cut off Fed pandemic emergency lending program

Economist Karen Petrou says the Fed programs have fallen short, but that the Fed needs some facilities in the face of inaction from Congress.
Treasury Secretary Steven Mnuchin and Federal Reserve Board Chair Jerome Powell testify during a Senate Banking Committee hearing on Capitol Hill on Sept. 24, 2020 in Washington.
Drew Angerer/Getty Images

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Mnuchin rejects renewal of some Fed emergency loan programs

Nov 19, 2020
Mnuchin said that he is requesting that the Fed return to Treasury the unused funds appropriated by Congress for operation of the programs.
GREG BAKER/AFP/Getty Images

Unemployment insurance is broken. How can it be fixed?

Nov 18, 2020
When tens of millions of workers were laid off and applied for benefits in the spring, the system crashed. Here are some ideas for making it work better.
Joe Raedle/Getty Images

New report says 12 million jobless workers are about to lose unemployment benefits

Nov 18, 2020
In just 38 days, 12 million jobless workers will lose their benefits. Talks on another relief bill have stalled in Congress.
Service workers will be hit especially hard when unemployment benefits expire because so many of those businesses have closed. Above, an empty restaurant serving only takeout in Washington, D.C., at the beginning of the pandemic.
Nicholas Kamm/AFP via Getty Images

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