{"id":31586,"date":"2020-07-18T02:36:12","date_gmt":"2020-07-17T22:36:12","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31586"},"modified":"2020-07-18T02:36:14","modified_gmt":"2020-07-17T22:36:14","slug":"former-fed-chairs-call-for-extra-stimulus","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/former-fed-chairs-call-for-extra-stimulus\/07\/18\/market-updates\/","title":{"rendered":"Former Fed Chairs Call for Extra Stimulus"},"content":{"rendered":"\n<p>The two former chairs of the US Federal Reserve have warned that the pace of economic recovery could be slow and uneven, calling for a robust response from legislators to combat the COVID-19 pandemic and its impact, Reuters reported.<\/p>\n\n\n\n<p>Former Chair of the Federal Reserve, Janet Yellen, said that not extending unemployment insurance would be catastrophic.<\/p>\n\n\n\n<p>Yellen, and Ben Bernanke called upon Congress to provide funds to states without worrying about the budget deficit.<\/p>\n\n\n\n<p>Reducing the unemployment rate to its pre-COVID-19 level of 3.5% would take two or three years, according to Yellen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two former chairs of the US Federal Reserve have warned that the pace of economic recovery could be slow and uneven, calling for a robust response from legislators to combat the COVID-19 pandemic and its impact, Reuters reported. Former Chair of the Federal Reserve, Janet Yellen, said that not extending unemployment insurance would be &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6867],"class_list":["post-31586","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31586"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31586\/revisions"}],"predecessor-version":[{"id":31587,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31586\/revisions\/31587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31074"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}