Bernanke and Yellen join call for new fiscal stimulus in US

US Federal Reserve chairman Ben Bernanke
Ben Bernanke

Former Federal Reserve chairs Ben Bernanke and Janet Yellen have joined a group of 148 economists calling for a second round of fiscal stimulus in the US.

In a letter to Congressional leaders, the economists warn that much of economic support in the “Cares Act”, the initial fiscal package launched in response to the Covid-19 crisis, will expire this summer. The “parallel health and economic crises” have been “especially damaging” to vulnerable groups, including black, Latinx and Native American

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