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.

What concerns does Yellen express about the potential impact on people's lives?

What does Powell say about the Federal Reserve's role in supporting the economy?