Dudley Calls for More Fiscal Aid as Recovery Flattens Out

The transcript discusses the current state of the U.S. economy, highlighting the stalling recovery and rising jobless claims. It emphasizes the limited tools available to the Federal Reserve, such as asset purchases and interest rate guidance, and stresses the critical role of fiscal policy, especially with the impending expiration of unemployment benefits.

What actions might the Federal Reserve take to address economic concerns?

What is the significance of the $600 unemployment compensation benefits mentioned?