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Bill Spriggs, chief economist to the AFL-CIO, says economists must do “a huge amount of work” to eliminate racial biases from their profession. He explains how the U.S. economy faces two crises: a health crisis from the coronavirus pandemic and a longer-term recession as millions of Americans have lost their jobs. Spriggs says the Federal Reserve needed to take aggressive action to help the economy and adds Congress should institute policies like a minimum wage to boost the working class. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN #CNBC What’s Next For The U.S. Economy: Bill Spriggs