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 is the speaker's stance on loans for small businesses during the pandemic?

What does the speaker suggest as a better alternative to borrowing more through a Federal Reserve facility?