Congressional action helped spur surprise economic rebound

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The economy’s recent better-than-expected performance is attributable to the federal government’s swift legislative response to the coronavirus, and additional relief could be needed to keep things moving, according to economists interviewed by the Washington Examiner.

“The reason we aren’t repeating the Great Depression is because this time, fiscal and monetary policies reacted swiftly and forcefully,” said David Wessel, a senior fellow in economic studies at the Brookings Institution and director of the Hutchins Center on Fiscal and Monetary Policy, via email.

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