Powell, Mnuchin Make Push for More Stimulus

The transcript discusses the resilience of the economy to COVID-19 case spikes and emphasizes the need for a targeted fiscal package. It urges Congress to use unused CARES Act funds to support small businesses with grants rather than loans. The speaker distinguishes between legal and economic decisions, advocating for fiscal policy to aid businesses through the pandemic instead of relying on Federal Reserve facilities.

What does the speaker believe is the most suitable federal response to the economic challenges posed by COVID-19?

• A new monetary policy

• Increased interest rates

• A targeted fiscal package

• A general tax cut

What does the speaker encourage Congress to do with the unused CARES Act funds?

• Increase military spending

• Reduce national debt

• Invest in infrastructure

• Pass a new bill with bipartisan support

According to the speaker, what is the primary risk facing small businesses during the winter?

• Increased competition

• Lack of skilled labor

• Going out of business

• Rising operational costs

What type of financial support does the speaker suggest small businesses need to survive the pandemic?

• Loans

• Grants

• Tax incentives

• Subsidies

What is the nature of the speaker's decision regarding financial support for small businesses?

• A political decision

• A social decision

• A legal decision

• An economic decision