However, while Vavra was more cautious about the possibility checks would be utilized again, others felt that they could be more guaranteed. “I think it’s likely they may be used again in future deep recessions,” he said. However, he also noted that if a recession got bad enough, the government would likely change its tune. In his analysis, Vavra stated that because some believe the high inflation rates are at least partially tied to the three rounds of COVID-19 stimulus checks, and a recession could be triggered because the Federal Reserve continues hiking interest rates, checks would be counterproductive. However, the likeliness also depends on what is believed to have triggered the recession, according to Joseph Vavra, an economics professor at the University of Chicago.
Speaking to CNBC, several financial experts indicated that a recession could trigger the government to send out another round of stimulus checks, as Americans may need the funds. While no decisions have made yet, some experts feel that if a Recession does in fact happen, that the government could consider sending out more checks as a result. Americans benefitted greatly from stimulus checks during the beginning of the COVID-19 Pandemic, and now, with the threat of a Recession looming, some have wondered if other rounds of payments could be on the horizon as many struggle with record inflation.
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