Economists: Stimulus Package to Provide ‘Financial and Psychological Boost’

Economists: Stimulus Package to Provide ‘Financial and Psychological Boost’
President Donald Trump signs the CARES act, a $2.2 trillion rescue package to provide economic relief amid the CCP virus outbreak, at the Oval Office of the White House on March 27, 2020. Jim Watson/AFP via Getty Images
Emel Akan
Updated:

WASHINGTON—The rapidly escalating COVID-19 pandemic has led to an aggressive response from the U.S. government, with unprecedented coordination between fiscal and monetary authorities.

President Donald Trump signed into law on March 27 a $2.2 trillion economic rescue package to address the severe disruptions caused by the CCP virus, commonly referred to as the novel coronavirus. Economists believe that the relief measures for cash-strapped households and businesses are bound to have some positive effect on the economy.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
twitter
Related Topics