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Powell Urges ‘Society-Wide’ Push to Deliver Full Employment

  • Fed chief says monetary policy to remain supportive of economy
  • Asked if being Fed chair is fun, Powell says ‘I love my job’
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Fed's Powell Calls for 'Society-Wide Commitment' on Jobs
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Federal Reserve Chair Jerome Powell said the U.S. job market remains a long way from a full recovery and called on both lawmakers and the private sector to support workers.

“We are still very far from a strong labor market whose benefits are broadly shared,” Powell said Wednesday in a speech to the Economic Club of New York, noting that employment last month was nearly 10 million below February 2020 levels. “Achieving and sustaining maximum employment will require more than supportive monetary policy.”