Tag: Economy

"Our estimates suggest that expiration will result in large spending cuts, with potentially negative effects on both households and macroeconomic activity."

PPP loans are meant foremost as a way for businesses with 500 or fewer employees to cover payroll and are forgivable.

Here is a look at their stances and backgrounds.

"Jobless claims may have been held down due to the holiday, but don't be fooled, the economy's troubles aren't over yet, not by a long shot."

The signs of improvement in the labor market have been overshadowed by a resurgence in COVID-19 cases.

The $521.4 billion in approved loans to employers so far has supported some 51.1 million jobs.

The U.S. economy created jobs at a record clip in June.

"It's looking like a bumpy ride."

Wall Street's main indexes opened sharply higher on Friday.

"We won't be closing the country again."

The economy fell into recession in February.

Arizona, Florida, Oklahoma, Oregon and Texas all reported record increases in new cases.

The Trump administration is looking at measures to jump-start employment.

U.S. stocks jumped at the open on Tuesday.

"As we reopen inevitably we’re going to see an increase in the overall number of cases."

"It'll end in late July."

U.S. stock index futures surged about 2% on Friday.

"We learned a lot."

It could reinforce views that the labor market has weathered the worst of the turbulence.

"The odds of a Phase Four deal are very, very high."