Q: Is Fed considering more regulatory...........>

FED: Q: Is Fed considering more regulatory forbearance measures to prevent

businesses from going under?

- A: We can change bank regulation etc but don't know if we can make changes, ie

on mortgage/credit card payments. We have encouraged those decisions.

- Q: Do you think it's important that Congress extends the $600/week extra

unemployment benefits? 

- A: We try to keep comments on fiscal policy at a high level...response from

fiscal authorities has been large, forceful and very quick. PPP and unemp

insurance are quite innovative. 

- Can see effect of stimulus checks/unemp insurance in job market data. It's

big. Question is, is it going to be big enough. Long-term unemployed may need

further support.

- Wouldn't try to give Congress advice on the $600; know they are looking at

many approaches. Happy to give advice if they ask for it but probably not

publicly.