$900 billion coronavirus aid is unequivocally beneficial: Fed official

Last week the Fed, in its final meeting of 2020, promised to keep funneling cash into financial markets further into the future to fight the recession

The $900 billion coronavirus aid package that appears to be nearing passage in Congress will provide essential support for Americans and provide the US economy with a bridge through the Covid-19 crisis, San Francisco Federal Reserve Bank President Mary Daly said on Sunday.

"This support is unequivocally beneficial," Daly said in an interview on CBS' "Face the Nation."

"If you think about where we started in March when Covid hit our shores and where we are now, it's really remarkable that the economy has done so well," she said. 

"That speaks to the resiliency of the American people but of course to the