About: http://data.cimple.eu/news-article/06abd3786d21e092189ed6ba987a5e7acfc239726f253b3ec239af66

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/06abd3786d21e092189ed6ba987a5e7acfc239726f253b3ec239af66 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	School closures caused by the coronavirus pandemic are holding back the US economy and more support is needed to sustain a recovery, a top Federal Reserve official said on Wednesday. The United States is seeing the world's worst coronavirus outbreak and in many parts of the country schools and universities have not reopened or only done so partially, which Fed Vice Chair Randal Quarles told a summit of the Institute for International Bankers posed a risk to the recovery from the severe downturn caused by the pandemic. "Many parents with children will be forced to work less, or not at all, which is going to be a hardship for them and weigh on the economy," Quarles said of the school closures. Echoing comments by the central bank's Chair Jerome Powell that more spending may be needed to get the world's largest economy back on its feet, Quarles said, "it will take continued support to sustain a robust recovery." Lawmakers in Washington are deadlocked on how much more to spend to stimulate the economy after key provisions of the $2.2 trillion CARES Act passed in March as the pandemic intensified expired. Among the lapsed provisions was a program of loans and grants for small businesses as well as extra weekly payments for jobless workers after businesses shutdowns to stop the spread of Covid-19 led to tens of millions of layoffs. Those programs have been credited with helping spur a rebound in some sectors including retail sales and housing, though analysts have raised fears of lasting damage should no new stimulus be passed. Quarles acknowledges that damage done during the shutdowns in March and April "will take time to reverse" but that the rebound has been stronger "than almost any forecaster expected," pointing a surge reported by the Census Bureau over the summer of people seeking to start new businesses as evidence of the country's resilience. cs/ch
schema:headline	School closures a 'hardship' for US parents: Fed official
schema:mentions	Federal Reserve University of Washington Federal Bureau of Investigation Pandemic United States Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 One-room school Worshipful Company of International Bankers Randal Quarles Spur Jerome Powell
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	92 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software