About: http://data.cimple.eu/news-article/75f7f37129f2eee53d546d846bb1dbee07f766612befc57a85079070

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

About: http://data.cimple.eu/news-article/75f7f37129f2eee53d546d846bb1dbee07f766612befc57a85079070 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	The US economy continues to face headwinds due to the coronavirus pandemic that will make continued government support "vital," Federal Reserve Governor Lael Brainard said Tuesday. The recovery in the world's largest economy "is likely to face headwinds for some time," and with virus cases on the rise, "a second wave would magnify that challenge," she said in a speech to the National Association for Business Economics. "Fiscal support will remain vital." The Fed has pumped out trillions of dollars to keep financial markets operating, and offered huge lending programs for companies and state and local governments. Congress meanwhile approved the $2.2 trillion CARES Act, which includes grants to companies of all sizes, direct payments to households and expanded unemployment benefits. Describing the pandemic as "unprecedented in modern times for its severity and speed," Brainard called for "a sustained commitment" to stimulus by the Fed "along with additional fiscal support." While employment and economic activity rebounded in June far faster than expected, nearly 15 million jobs have not been restored since the crisis started, and much of the pain has fallen on black and Hispanic workers. The economic recovery is likely to take some time, especially with signs that some companies are struggling to survive. "The recent resurgence in COVID cases is a sober reminder that the pandemic remains the key driver of the economy's course," Brainard said. She signaled support for holding off on raising interest rates until inflation hits the central bank's two percent target, even if that means it might overshoot. That seems a distant possibility. The Labor Department said Tuesday that the Consumer Price Index jumped 0.6 percent in June -- the biggest increase since August 2012 -- as gasoline prices surged after falling sharply amid the pandemic. But for the 12 months ended in June, CPI was up just 0.6 percent, far from the Fed's target. hs/sst
schema:headline	Fed official warns US fiscal support remains 'vital'
schema:mentions	Consumer price index Direct Payments Hispanic Unemployment benefits Governor of California Federal Reserve Ebola virus disease Pain Australian Labor Party Inflation Warini United States Congress Pandemic Coronavirus disease National Association for Business Economics Basic fighter maneuvers Lael Brainard Supersonic transport Price of oil
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)

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, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software