$5,000 Dogecoin dividends proposed for high-income households

Inflation continues to rise in the U.S., putting pressure on people's finances. Many are hopeful for a new $5,000 dividend, but details remain unclear. The idea began with an executive named Fishback, who is now talking to lawmakers about making it a reality. Fishback has reported productive discussions with both the House and Senate. He aims to introduce a bill soon, though the Federal Reserve has not commented on the proposal. Chairman Jerome Powell cautioned against speculation on economic policies. Economists are concerned about the potential for a recession and increasing tariffs impacting the feasibility of these payments. Fishback's proposal focuses on households with higher incomes, differing from previous pandemic checks sent to wider groups. As of now, the dividend plan has not been formally approved. Until Congress passes a bill, no payments can be expected, and there is no set date for when or if the checks will be issued.