Yellen Calls for More Aid to Avoid Longer, More Painful Recession

From morningstar.com

Janet Yellen, President-elect Joe Biden's choice for Treasury secretary, plans to tell lawmakers that the U.S. risks a longer, more painful recession unless Congress approves more aid and urge them to "act big" to shore up the recovery. Ms. Yellen is set to testify Tuesday before the Senate Finance Committee, which is considering her nomination, according to a copy of her prepared remarks that was viewed by The Wall Street Journal. "Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now -- and long-term scarring of the economy later," ... (full story)