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image credit: Rafael Saldaña / Flickr

Fed Leaders Say Economy Needs More Federal Help and More People Wearing Masks

August 4, 2020

The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses and broader use of masks to better control the virus, U.S. central bankers said on Monday.

The calls for increased government intervention came as U.S. lawmakers and the White House resumed talks on a new government relief package, including a possible extension of unemployment benefits that expired on Friday.

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