Fed’s Powell Says U.S. Faces ‘Tragic’ Risks From Doing Too Little to Support Economy

[SouthJamaica]

Fed’s Powell Says U.S. Faces ‘Tragic’ Risks From Doing Too Little to Support Economy

https://www.wsj.com/articles/feds-powell-says-u-s-faces-tragic-risks-from-doing-too-little-to-suppor...

[Brian_Earl_Spilner]

Behind a paywall

[Slabenstein]

This probably covers the same quotes: https://www.cnn.com/2020/10/06/economy/fed-powell-coronavirus-stimulus/index.html 

[blindambition]

This can already be felt in Vegas. Multiple casinos, restaurants and stores have closed permanently.

Double digit out of work, increase of renters defaulting. Unemployment benefits that wouldn't cover much here.

Happy 2020!! So dang depressing. 😢 

[sccredit]

If it holds true we won't see any kids of follow up economic support/stimulus until after the election. 

[CreditCuriosity]

Won't happen to after election.

Reminder although not brought up..  You know not to bring politics into this discussions.   Just a warning up front.  Thanks!

[iced]

The last stimulus didn't have any long-lasting positive effect, so I'd personally at least like to understand what's going to be done differently if a second round were to come along. It was effective at delaying the inevitable, and now we've come to the point where we reconcile the inevitable.

Printing money until the coast is clear is only going to succeed in taking almost everyone out as inflation spirals out of control.

[M_Smart007]

Thanks for posting!

[AllZero]

Thank you for sharing the information.

[Flexfanatic]

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I'm curious how this will further impact retail going into the Q4 holidays since there is a good change no additional stimulus will be passed before the election.

Will consumers continue to hold onto their money or will there be an increase in credit card spending for non-essentials (holiday related shopping).