Powell Says More Fiscal Support Is Likely to Be Needed

The transcript discusses the pace of economic recovery, highlighting the initial rapid and effective fiscal response. It outlines economic projections for 2020-2023, expecting a slowdown in recovery pace after initial gains. The need for additional fiscal support is emphasized, given the ongoing unemployment and challenges faced by small businesses and local governments. The conclusion notes that most private forecasters assume further fiscal support will be necessary for continued recovery.

What are the expectations for the pace of economic recovery through 2020 and beyond?

How has the initial response from fiscal authorities impacted the economy?

What challenges do the 11 million people still out of work face?

What role does fiscal support play in the current economic situation?

What do private forecasters assume regarding future fiscal support?