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Home » Exercise Programs » Mnuchin and Powell Offer Mixed Views of Economic Recovery – The New York Times

Other central bank officials who spoke on Tuesday joined him in warning that it was crucial to get the pandemic in check.

The economy seems to have bottomed out, and were seeing some encouraging signs of a recovery, Lael Brainard, a Fed governor, said on a panel at the Brookings Institution. On the other hand, were seeing some resurgence of the virus. So right now, my focus is on steering through a very uncertain recovery.

As infections persist, many areas of the economy continue to require government support. Lawmakers questioned Mr. Mnuchin and Mr. Powell about what more could be done to help minorities and businesses in rural communities. In some cases, the two policymakers are still struggling to figure out how to prop up struggling sectors.

Both Mr. Powell and Mr. Mnuchin said that they were interested in helping commercial real estate borrowers who have been hard-hit by the pandemic as tenants delay rent payments, but explained that it was difficult for them to do so.

We have not yet figured out a way to set up a facility its not out of a lack of interest, or a lack of desire, Mr. Mnuchin said, suggesting that the next bill Congress passes may need to include some form of relief. Both he and Mr. Powell emphasized that the emergency central bank programs could provide only lending, not spending.

Updated June 30, 2020

Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.

A commentary published this month on the website of the British Journal of Sports Medicine points out that covering your face during exercise comes with issues of potential breathing restriction and discomfort and requires balancing benefits versus possible adverse events. Masks do alter exercise, says Cedric X. Bryant, the president and chief science officer of the American Council on Exercise, a nonprofit organization that funds exercise research and certifies fitness professionals. In my personal experience, he says, heart rates are higher at the same relative intensity when you wear a mask. Some people also could experience lightheadedness during familiar workouts while masked, says Len Kravitz, a professor of exercise science at the University of New Mexico.

The steroid, dexamethasone, is the first treatment shown to reduce mortality in severely ill patients, according to scientists in Britain. The drug appears to reduce inflammation caused by the immune system, protecting the tissues. In the study, dexamethasone reduced deaths of patients on ventilators by one-third, and deaths of patients on oxygen by one-fifth.

The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who dont typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the countrys largest employers, and gives small employers significant leeway to deny leave.

So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was very rare, but she later walked back that statement.

Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus whether its surface transmission or close human contact is still social distancing, washing your hands, not touching your face and wearing masks.

A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.

The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nations job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.

If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)

If youve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.

More debt may not be the answer here, Mr. Powell said. Theres a serious problem here that needs to get fixed, and were racking our brains to see how if theres something we can do by lending. Congress gave the Treasury Department $454 billion to support the Feds emergency lending programs, more than half of which remains uncommitted. But those programs can only offer loans and help companies to issue debt they cannot provide outright grants, which is Congresss wheelhouse.

Mr. Powell also described their challenges in funneling help to medium-size business through the Feds so-called Main Street lending program. Demand for the bank loans has been light, Mr. Powell said. And while thousands of banks should be eligible to lend through the program, which allows them to make associated fees while handing 95 percent of underwritten loans to the Fed, he said about 300 have registered.

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Mnuchin and Powell Offer Mixed Views of Economic Recovery - The New York Times

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Home » Exercise Programs » Mnuchin and Powell Offer Mixed Views of Economic Recovery – The New York Times