The morning after the U.S. Senate unanimously approved an unprecedented $2 trillion economic rescue package to confront the negative impact of the Coronavirus outbreak, House Speaker Nancy Pelosi told reporters that she was already thinking ahead to the next Congressional move to spur economic growth.
"We have to do more," the Speaker said at a U.S. Capitol news conference, as she told reporters about a phone conversation with Jerome Powell, the Chairman of the Federal Reserve.
"The Chairman of the Fed, Mr. Powell said to me, interest rates are low, think big,"
"There's no question that more money will be needed," Pelosi added, as she indicated there would be support to funnel more money directly to Americans.
"I don't think we've seen the end of direct payments," the Speaker said.
- Dems still want higher direct payments. They'd proposed $1,500 rather than $1,200.— Jack Fitzpatrick ☘️ (@jackfitzdc) March 26, 2020
- Wants to undo measure that treats D.C. as a territory rather than a state in terms of resources.
- State governments needs more money (including California).
- Maybe include infrastructure.
"Interest rates are as low as they'll ever be. Think big."— Steven Dennis (@StevenTDennis) March 26, 2020
-Fed Chairman Jerome Powell to Nancy Pelosi, per Pelosi.
Pelosi said the House would vote Friday to approve the $2 trillion economic package, most likely by a voice vote.
"We will have a victory tomorrow for America's workers. If somebody has a different point of view they can put that in the record," the Speaker said.
About the Author