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Janet Yellen on this ‘devastating’ economic crisis and the government’s response

Recent moves by the Federal Reserve, including loans to businesses, cities and states as well as interest rate cuts, exceed the entire scope of its response to the 2008 financial crisis. The Brookings Institution’s Janet Yellen, former chair of the Federal Reserve Board, joins Judy Woodruff to discuss the “unprecedented” economic blow dealt by the pandemic and how the government is responding.

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