SAN FRANCISCO (Reuters) – U.S. Federal Reserve Chair Jerome Powell on Friday reiterated his pledge to do what he can to bring the U.S. labor market back to its pre-coronavirus strength.
“While all of us have been affected, the burdens are falling most heavily on those least able to carry them,” Powell said of the coronavirus pandemic. “The Federal Reserve remains focused on its goals and on laying the foundation for a return to the strong labor market that we saw at the time of our 2019 Fed Listens conversations.
Powell made the remarks in a report released Friday detailing findings from more than a dozen community outreach events the Fed held across the country over the past year, part of a review of its monetary policy framework.
(Reporting by Ann Saphir; Editing by Andrea Ricci)
