- All eyes are the Federal Reserve Board

set to deliver theirfirst economic forecast

and policy proposals since late last year,

before the pandemic caused

an unprecedented economic shutdown,

but on the heels of anencouraging jobs report

that shows millions of Americansare going back to work.

- We sure did get a blockbusterjobs report on Friday.

There's no question about that.

And boy, was that goodnews when we most needed it

given the havoc and chaosof the last three months.

But we're not out of the woods yet.

- [Caitlin] The economy wentinto recession in February,

ending more than 10 years of expansion.

The Labor Department reports11.5 million layoffs in March,

then 7.7 million more in April.

The Fed is expected to keepinterest rates near zero

as it works to usher along a recovery.

But Heritage Foundationeconomist, Stephen Moore,

says the speed in whichthe nation bounces back

depends largely on state economies.

- What matters most isgetting these states

open for businesses becauseas we've seen in Florida,

and Texas, and Tennessee, and Georgia,

and so many of these red stateswith Republican governors

that once they open up their businesses,

people come back to the stores,

people come back to work, andrevenue starts flowing again.

- [Caitlin] The Fed has alreadyoffered trillions in support

to financial markets andworked with the Treasury

on loans to small andmedium sized businesses.

And while there's talk ofanother massive stimulus package,

Republicans want to wait and see.

President Trump is optimisticfollowing the May rebound

of 2.5 million jobs,

tweeting quote, "I built thegreatest economy in the World,

"the best the US has ever had.

"I'm doing it again."

2020 contender, Joe Biden,pushed back writing quote,

"Trump squandered a growing economy."

- Donald Trump has toconvince the American people

that he's got the Americaneconomy on the right track

and the big, I think thebig issue for the election

in November 2020, is theanswer to this question.

Do you believe that DonaldJ. Trump or Joe Biden

is ever better able to guideus back into prosperity?

- [Caitlin] While Bidenleads Trump overall,

registered voters believe the President

is more equipped to overseean economic recovery.

According to a recent NBCNews, Wall Street Journal poll,

48% to 37% give Trump the advantage

in handling the economy.

Currently, all 50 states arein some phase of reopening,

but some are seeing anincrease in coronavirus cases,

which could leadofficials to slow the pace

of people getting back to work.

Caitlin Burke, CBN--