Powell Says Getting Virus Under Control Is Vital for Economy

The transcript discusses concerns about economic withdrawal affecting public confidence. It highlights bipartisan Senate support for repurposing PPP funds to aid hard-hit businesses. The focus is on Main Street's recovery and the need for additional legislation, with a goal to pass it by the end of July.

What is a potential consequence of forcing people to withdraw from economic activities?

• Stabilization of the economy

• Undermining public confidence

• Increased public confidence

• Boost in economic growth

What is the Senate's stance on repurposing funds for the PPP?

• There is bipartisan support

• They have already passed the legislation

• They oppose it

• They are undecided

Which businesses are targeted for support through the repurposed PPP funds?

• Only large corporations

• Businesses that are most hard hit

• New startups

• All businesses equally

What is the goal of the ongoing legislative efforts mentioned in the final section?

• To focus solely on Main Street businesses

• To delay new legislation

• To work with the Senate only

• To pass legislation by the end of July

Who is involved in the efforts to pass new legislation by the end of July?

• Only the Senate

• Both the House and the Senate

• Only the House

• Neither the House nor the Senate