Fed's Powell: Prioritizing Strong Labor Market Recovery Amid Pandemic Impact
TL;DR Summary
Federal Reserve Chair Jerome Powell stated that the U.S. economy is still grappling with the effects of the COVID-19 pandemic, citing labor shortages in healthcare and ongoing difficulties with access to childcare as some of the challenges exacerbated by the health crisis. Powell did not provide any comments on current monetary policy or the economic outlook.
Topics:business#covid-19-pandemic#economic-outlook#economy#federal-reserve#jerome-powell#labor-shortages
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