Opinion: Trump needs to listen to the Federal Reserve
cautioned that, while unemployment has come down, “the current level is still above its peak in the aftermath of the Great Recession. And there are still almost 18 million unemployed workers in the U.S., compared with 6 million in February. This means one in 15 Americans over the age of 16 is unemployed, about the same as at the height after the Great Recession.” She added, “In other words, the economy is still down about six years’ worth of job growth.
The White House and Senate Republicans are operating in a parallel economic universe. They seem utterly unmoved by several realities that Federal Reserve bank presidents, business leaders, investors, consumers and workers all understand. First, since the pandemic is still not under control, we cannot expect a swift or complete recovery. Second, additional benefit payments to individuals
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