On the recordSeptember 22, 2020
We've still got 11 million people who haven't gone back to work.
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congress.govWe've still got 11 million people who haven't gone back to work.
Powell highlights the ongoing unemployment issue post-COVID.
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More from Jerome Powell
When you significantly slow the growth of the labor force, you will slow the growth of the economy.
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.