Janet Yellen warns of ‘tough months ahead’ for Covid-hit US economy

Treasury secretary urges Congress to ‘act forcefully’ on relief and says she plans talks with regulators about GameStop affair

Treasury secretary Janet Yellen on Thursday warned of “tough months ahead” before the US economy gets to the other side if the coronavirus-related crisis.

She also said that she and financial market regulators needed to “understand deeply” what happened in the trading frenzy involving GameStop and other retail stocks in recent days before taking any action.

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