Fed Chair Concurs With Menendez: Mass Layoffs of Frontline Workers, Cuts to Essential Services Will Exacerbate COVID-19 Economic Crisis
May 20, 2020
May 20, 2020
WASHINGTON, May 20 -- Sen. Robert Menendez, D-New Jersey, issued the following news release on May 19:
In response to questioning from U.S. Senator Bob Menendez (D-N.J.) during a Senate Banking Committee hearing Federal Reserve Chairman Jerome Powell said he agreed with Menendez that the nation's economic crisis and ability to recover will be greatly impacted if state and local governments are forced to gut essential services and lay off critical workers due to massive revenue short . . .
In response to questioning from U.S. Senator Bob Menendez (D-N.J.) during a Senate Banking Committee hearing Federal Reserve Chairman Jerome Powell said he agreed with Menendez that the nation's economic crisis and ability to recover will be greatly impacted if state and local governments are forced to gut essential services and lay off critical workers due to massive revenue short . . .