On the recordJune 20, 2016
Unemployment rates for lower skilled workers and workers in goods producing industries are around twice as high as those for highly skilled workers
Source
congress.govUnemployment rates for lower skilled workers and workers in goods producing industries are around twice as high as those for highly skilled workers
Yellen highlights the disparity in unemployment rates between skilled and lower-skilled workers.
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We share the objective that you have which is to rid ourselves of dependence on China.
But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.
I think what we found during that time was that implementing strong capital, liquidity, and risk management rules led to a stronger banking system.