Economy

‘Patiently accommodative’ because of bleak jobs picture

Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive policy support is needed to fix the myriad issues still facing workers. Addressing the issue will require a “patiently accommodative monetary policy that embraces the lessons of the past” regarding the benefits that low interest […]

Economy

Yellen says U.S. could return to full employment next year if relief passes

Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters The U.S. could return to full employment in 2022 if President Joe Biden‘s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on […]