Stimulus from Congress needed for full economic recovery

Automatic TRANSCRIPT

UN. Let's start in the United States Federal Reserve of. Warning more fiscal stimulus is required. ABC Five down days out of the last six sessions for us. Stocks are pretty gloomy MoD hanging over the markets in America. Coming from Federal Reserve officials really not helping. Host of comments from over the last couple of days estrogen that more fiscal stimulus more government spending possibly, tax cuts is needed in the US to sustain the economic recovery not chairman Jay Powell the money himself continuing to waive the fiscal flag while the carefully at a Congressional hearing saying that more support is likely to be necessary others while the clearer in their word in Cleveland Fed President Loretta Mestre saying it's very much needed given the deep hole the economy is climbing out of. Boston President Eric Rosengren cautioning that it could take another wave of farce infections to prompt further action. The problem not for the first time is gridlock on Capitol Hill Democrats and Republicans have been at loggerheads over the next virus relief package really throughout the some of the no formal negotiation since early, August, and then of course, the death last week of Justice Ruth Bay the GINSBURG. Putting the S Supreme Court sends a stage rather than more stimulus measures from the US government. So the Federal Reserve, the Central Bank clear that more money is needed from the government's but that doesn't seem to be forthcoming.

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