Ex-Fed Chair Janet Yellen says extraordinary stimulus is needed so long as the pandemic presents an economic threat

Business Insider/Ben Winck

“‘There are some limits [to monetary policy] and it’s important for fiscal policy to fill in that gap,’ the former Fed chief said. ‘While the pandemic is still seriously affecting the economy, we need to continue extraordinary fiscal support.’”

USAGOLD note:  Former Fed chair Janet Yellen joins the chorus calling for the federal government to step to the plate with massive stimulus programs to jumpstart a moribund economy. Hold on to your gold and watch the show ……

Repost from 10-20-2020

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