Janet Yellen, Jerome Powell Say More Is Needed For Economic Recovery

Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell discuss the ongoing efforts to help the economy recover from the pandemic. Yellen highlights progress but notes the significant job losses, expressing concern over the long-term impacts on individuals. Powell assures continued support from the Federal Reserve until full economic recovery is achieved.

Who are the key figures mentioned in the discussion about economic recovery?

• Joe Biden and Kamala Harris

• Elon Musk and Jeff Bezos

• Janet Yellen and Jerome Powell

• Warren Buffet and Bill Gates

What is the current job deficit mentioned by Janet Yellen?

• 20 million jobs

• 10 million jobs

• 15 million jobs

• 5 million jobs

What concern does Janet Yellen express about the economic situation?

• Mass scale permanent earnings reduction

• Decreasing stock market values

• Increasing interest rates

• Rising inflation rates

What does Jerome Powell say about the Federal Reserve's role in economic recovery?

• It will reduce support immediately

• It will continue to provide support until full recovery

• It will focus on international markets

• It will increase interest rates

What are the potential long-term effects of economic instability on individuals?

• Increased savings

• Permanent reduction in earnings potential

• Higher employment rates

• Improved housing market