https://www.wsj.com/articles/yellen-will-urge-lawmakers-to-act-big-to-avert-a-protracted-downturn-11611054001
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Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, will urge lawmakers in her confirmation hearing Tuesday to “act big” to avert a protracted economic downturn and put aside concerns about the mounting national debt.
“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,” Ms. Yellen says in the text of remarks to the Senate Finance Committee as reviewed by The Wall Street Journal.
Mr. Biden’s $1.9 trillion coronavirus relief...
