US shouldn't settle for 'long, slow' recovery: Treasury Secretary Yellen

'Workers who earn $60,000 per year should receive cheques as part of the relief package'

Treasury Secretary Janet Yellen said the US can return to full employment in 2022 if it enacts a robust enough coronavirus stimulus package, but otherwise risks a much slower rebound in jobs and the economy.

She also said that American workers who earn $60,000 per year should receive stimulus cheques as part of the White House's proposed $1.9 trillion coronavirus relief package.

“The exact details of how it should be targeted are to be determined, but struggling middle class families need help,” Yellen said. Yellen said the administration was considering the risk the stimulus plan could cause inflation, but said: We have