"NO DOUBT" A Second Stimulus Check WILL PASS!! Stimulus Check Update [10/15] Thursday

This is your Second Stimulus Check update, stimulus package update, and stimulus check 2 update as of Thursday, October 15th for the new stimulus bill. This video covers the second stimulus package, the stimulus update, and the new stimulus package. ✅Join The Power Of Finance Investor Group: https://bit.ly/3aNRzAn

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🗞Article: https://www.cnbc.com/2020/10/15/imf-no-doubt-that-crucial-us-fiscal-stimulus-is-coming.html

Kristalina Georgieva, the managing director of the International Monetary Fund, told CNBC Thursday that she has “no doubt” the U.S. will implement a new economic stimulus package that will help reduce the current uncertainties for the global economy. The IMF boss said that the impact of a U.S. stimulus package would be much-needed positive whenever it’s introduced, adding that if it were implemented earlier it would “provide a boost to certainty and certainty is something we do need in this crisis.” 

Georgieva said the U.S. Federal Reserve’s monetary policy, along with the government’s fiscal policy, are the “two levers” managing the U.S. economy and that it is “best if they are used together in combination.” She explained how “we have to recognize that in the first round of stimulus that was done very effectively and of course, it would be highly desirable that the fiscal lever is also put in place,” she said. She goes on to say how in March, the Fed lowered interest rates to near-zero and launched a quantitative easing program of $700 billion to support the U.S. economy. And how this came alongside a fiscal hit of $2 trillion in what was called the Coronavirus Aid, Relief, and Economic Security, or CARES, Act, which aimed to keep many American families and the economy afloat. However, the bad news is she says that a second fiscal package looks unlikely before the Nov. 3 election. 

Negotiations between the Republican government and House Democrats have stalled over the amount of money that could be used to stimulate the U.S. economy. Earlier on Thursday, Treasury Secretary Steven Mnuchin told CNBC’s “Squawk Box” that while he and President Donald Trump were committed to getting a deal agreed, “politics” may be getting in the way. He said the Democrats still wanted an “all or nothing” deal and that is what is holding things back. But good news is that Trump came out and Thursday and has multiple times before that he would raise his offer above the current level of $1.8 trillion, with the House Democrats having passed a $2.2 trillion bill. 

Georgieva added on Thursday that there was still “a way to go with this crisis,” so room for fiscal support is crucial moving forward. She explained how this support wouldn’t just be necessary in the next couple of months but “down the road”So ultimate she said let’s see how quickly the second stimulus package will be deployed but she have no doubt it will be deployed because it is necessary,” she added.

#StimulusCheck #StimulusUpdate #StimulusPackage
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Видео "NO DOUBT" A Second Stimulus Check WILL PASS!! Stimulus Check Update [10/15] Thursday канала Michael Wrubel