Janet Yellen: The Benefits of Acting Now Will Outweigh the Costs in the Long Run

EXCERPT:

YELLEN: “We need to help those people before the virus is brought under control. The President’s American rescue plan will help millions of people make it to the other side of this pandemic. And it will also make some smart investments to get our economy back on track. I want to emphasize the President is absolutely right. The price of doing nothing is much higher than the price of doing something and doing something big. We need to act now. The benefits of acting now and acting big will far outweigh the costs in the long run."