Federal Reserve Chairman Jerome Powell has repeatedly said that both the central bank and the government might need to do more to get the economy through the pandemic recession.
He's hardly the only one.
Yesterday, more than 100 economists, including former Fed Chairman Ben Bernanke and Powell's direct predecessor Chairwoman Janet Yellen, sent a letter urging Congress to pass a “multifaceted relief bill of a magnitude commensurate with the challenges our economy faces.”
Congress and the Fed have already provided unprecedented levels of stimulus to the economy, but the economists think more will be needed to avoid prolonged suffering across the United States -- in particular for Black, Latinx and Native American communities, which have been disproportionately affected by the pandemic and the economic fallout.