Fed's Bullard: Expanded unemployment pay not appropriate as recovery takes hold
WASHINGTON (Reuters) - Expanded unemployment benefits were an appropriate policy during the coronavirus shut down but would not be appropriate as the recovery takes hold, St. Louis Federal Reserve president James Bullard said on Wednesday. Instead policymakers should consider incentives for workers to return to jobs if asked.
WASHINGTON (Reuters) - Expanded unemployment benefits were an appropriate policy during the coronavirus shut down but would not be appropriate as the recovery takes hold, St. Louis Federal Reserve president James Bullard said on Wednesday.
Instead policymakers should consider incentives for workers to return to jobs if asked. "That 100% replacement rate is totally appropriate during the pandemic adjustment...It would not be appropriate as we come out of it," Bullard said. "You want to incentivize people" to work. Workers are currently given an extra $600 per week in unemployment, but the additional benefit expires at the end of July.
(Reporting by Howard Schneider, Editing by Franklin Paul)
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By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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