Powell Urges Congress to Not Remove Fiscal Support Too Quickly

The video discusses the positive effects on the economy, seen in consumer spending, income data, and payrolls. It highlights the concern for approximately 25 million people still affected by job displacements due to the pandemic. The speaker advises against Congress withdrawing support too quickly and suggests continued assistance for unemployed individuals and small businesses to navigate the critical recovery phase.

What are some indicators of the economy's positive recovery?

• Lower stock market indices

• Increased unemployment rates

• Decreased payrolls

• Rising consumer spending and income data

Approximately how many people have been affected by job displacements due to the pandemic?

• 15 million

• 10 million

• 25 million

• 30 million

Why is it important for Congress to continue providing support?

• To ensure a stable economic recovery

• To reduce government spending

• To promote inflation

• To increase taxes

What is the suggested duration for continued support to unemployed individuals and small businesses?

• For a short period

• Indefinitely

• Until the next election

• For a continued period, but not forever

What phase is the economy currently in according to the transcript?

• A declining phase

• A stable phase

• An expansion phase

• A critical recovery phase