This week, the extent of the pandemic's toll on the U.S. economy came into better focus: The GDP shrank dramatically and another 1.4 million Americans applied for unemployment benefits.
NPR's David Folkenflik speaks with former White House economic advisor Tomas Philipson. He was the acting chairman of the White House Council of Economic Advisers until he resigned in June.
The central bank has blunt instruments at its disposal, which are not tailored to economics of different racial groups. Biden wants the Fed to more explicitly factor in Black and Hispanic outcomes.
Millions of people are out of work and those being sustained through the CARES act the past several months face tough circumstances now that that money has run out.
NPR's Ailsa Chang talks with Dana Scott, a doctoral candidate in economics at Yale University, about her study that looked at whether expanded jobless benefits reduced incentives to look for work.
The coronavirus continues to take a toll on the U.S. economy, endangering President Trump's chances for reelection. But the White House has done little to advance economic recovery efforts.