(LibertySociety.com) – The American people have spent the last few days glued to their televisions as election results trickle in. While their attention was on the most consequential presidential race of their lifetimes, the Federal Reserve had some good news.
On Wednesday, November 4, the Fed released a statement announcing the economy is continuing to recover from the COVID-19 pandemic, also noting the unemployment situation is improving. The central bank said the “course of the virus” will continue to determine the economic outlook.
Fed Chairman Jerome Powell decided to leave the rates unchanged but said Congress should pass a stimulus bill to help boost the economy.
Federal Reserve Chairman Jerome Powell said the Fed will keep on doing everything it can to support the economy, but said an economic stimulus package from Congress would help the economy heal faster https://t.co/rBjzGVaGFP pic.twitter.com/AyWQMANWMW
— Reuters (@Reuters) November 5, 2020
President Donald Trump has been working hard to implement policies to boost the economy. He’s repeatedly asked Speaker of the House Nancy Pelosi (D-CA) to negotiate with Republicans to pass a stimulus bill; she has repeatedly refused. Imagine how well the recovery might be going if the Left did their jobs.
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