Fed Pledges to Use All Tools to Support Economy

The transcript discusses the economic recovery's dependence on virus control and measures taken to ensure stability. It highlights the severe impact of joblessness on lower-wage workers, women, and minorities, emphasizing the importance of fiscal policy. The Federal Reserve's actions to support credit flow are outlined, along with the uncertainty surrounding therapeutics and vaccines. The need for planning amidst uncertainty is stressed.

What factors are crucial for the path of economic recovery?

• The stock market performance

• Technological advancements

• The course of the virus and control measures

• International trade agreements

Which groups have been most affected by the rise in joblessness?

• Retired individuals

• Middle-class families

• Lower-wage workers, women, and minorities

• High-wage workers

What has been the impact of fiscal policy actions so far?

• They have made a critical difference to families and businesses

• They have worsened the economic situation

• They have only benefited large corporations

• They have had no significant impact

What is necessary to achieve continued economic recovery?

• Only fiscal policy support

• No further policy support is needed

• Only monetary policy support

• Both monetary and fiscal policy support

What is the Federal Reserve's role in supporting the economy?

• Increasing taxes

• Providing lending powers to support credit flow

• Spending money directly

• Reducing government debt