Yellen Says $1.9T Relief Plan Could Restore Full Employment By 2022

The video discusses the COVID relief deal focusing on who should receive direct payments. Treasury Secretary Janet Yellen suggests that American workers earning $60,000 or less should be eligible. President Biden is open to flexibility but hasn't set a specific cutoff. Yellen is optimistic about economic recovery by next year if the package is passed, citing analysis that without it, unemployment could remain high until 2025. The current unemployment rate is 6.3%.

Who does Treasury Secretary Janet Yellen believe should be eligible for direct payments?

• Workers earning $100,000 or less

• Only unemployed individuals

• Workers earning $60,000 or less

• All American workers

What is President Biden's stance on the cutoff for direct payments?

• He opposes any cutoff

• He is flexible but hasn't committed to a specific cutoff

• He has set a strict cutoff

• He wants a cutoff at $50,000

According to Yellen, when could the economy start showing signs of full recovery?

• In five years

• In two years

• By next year

• By the end of this year

What does Yellen believe is necessary to avoid a long, slow recovery?

• Passing the relief package

• Increasing taxes

• Raising interest rates

• Reducing government spending

What is the current unemployment rate mentioned in the transcript?

• 8.3%

• 7.3%

• 6.3%

• 5.3%