Democrats Crafting New Stimulus Bill

The video discusses the ongoing negotiations for a new stimulus package in the U.S., highlighting the differing positions of Democrats and Republicans. Democrats initially proposed $3.5 trillion, while Republicans suggested $1 trillion. The current proposal is around $2.4 trillion. Key issues include aid for airlines, small businesses, and restaurants. Political reactions vary, with some optimism about reaching a deal. Economic forecasts, such as those from Goldman Sachs, emphasize the need for more fiscal stimulus to support the economy, especially with concerns about the fourth quarter GDP and the impact of the upcoming election.

What is the Federal Reserve's stance on the need for fiscal stimulus according to the text?

What impact did Goldman Sachs predict regarding the fourth quarter GDP estimate?