Yellen says Delta slowing recovery, urges Congress to raise U.S. debt limit-testimony
In prepared remarks to a Senate Banking Committee hearing, Yellen said the recovery from a COVID-19 pandemic-induced recession remains "fragile but rapid."
"While our economy continues to expand and recapture a substantial share of the jobs lost during 2020, significant challenges from the Delta variant continue to suppress the speed of the recovery and present substantial barriers to a vibrant economy," Yellen said.
"Still, I remain optimistic about the medium-term trajectory of our economy, and I expect we will return to full employment next year."
Yellen, who is testifying about COVID-19 relief aid efforts, said that the Emergency Rental Assistance program was scaling up quickly to prevent evictions, with 1.4 million payments made to renters and landlords.
https://www.msn.com/en-us/money/markets/yellen-says-delta-slowing-recovery-urges-congress-to-raise-us-debt-limit-testimony/ar-AAOUFWl
Moscow Mitch wants to blow it all up.