Yellen says U.S. must ‘act big’ on next coronavirus relief package

WASHINGTON, DC - FEBRUARY 14: Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee February 14, 2017 in Washington, DC. Yellen testified on the topic of on "The Semiannual Monetary Policy Report to Congress." (Photo by Win McNamee/Getty Images)
  • Janet Yellen, U.S. President-elect Joe Biden’s nominee to run the Treasury Department, will tell the Senate Finance Committee on Tuesday that the government must “act big” with its next coronavirus relief package.
  • Biden, who will be sworn into office on Wednesday, outlined a $1.9 trillion stimulus package proposal last week.

Why Not Just Print More Money?

  • In her prepared testimony, Yellen also says the U.S. economy must be rebuilt “so that it creates more prosperity for more people and ensures that American workers can compete in an increasingly competitive global economy.” Read More