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Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs – NPR

Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.

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Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Dec. 2, 2020. Powell appeared before the Senate Banking Committee on Tuesday and argued the U.S. economy still has a long way to go to recover millions of lost jobs.
Jim Lo Scalzo/POOL/AFP via Getty Images
Federal Reserve Chairman Jerome Powell warned on Tuesday the United States has a “long way” to go to return to full employment, even as he expressed cautious optimism that the economy will recover…

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