Don’t look to the Fed for help on the coronavirus — Congress has the money and power – MarketWatch

The U.S. needs protection for households — that families are not foreclosed on or evicted, that they have income to weather the storm, that credit scores aren’t ruined, that kids are not denied school lunches.

It’s not about lowering interest rates, it’s about making sure Americans who are living paycheck to paycheck don’t suffer the consequences of staying home from work to avoid the virus. Congress has the power to beef up unemployment insurance, send everyone a stimulus check, reduce payroll taxes and guarantee free testing, medication and treatment for anyone with symptoms.

Source: Don’t look to the Fed for help on the coronavirus — Congress has the money and power – MarketWatch

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