Biden adviser: Stimulus bill shouldn’t hinder Fed’s authority
The United States’ next stimulus package shouldn’t “include unnecessary provisions that would hamper the Treasury Department and the Federal Reserve’s ability to fight economic crises,” Brian Deese, who is set to be named as director of the US National Economic Council in in the administration, said on Friday.
It’s in the interest of US citizens to “maintain Fed’s ability to respond quickly and forcefully” to economic challenges that the country faces amid the crisis, he noted.
“Undermining that authority could mean less lending to Main Street businesses, higher unemployment, and greater economic pain across the nation,” Deese explained.
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