Philadelphia Fed president Harker: Labor market recovery is moving sideways - CNBC

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28 August 2020

Philadelphia Fed president Harker: Labor market recovery is moving sideways - CNBC

We won't get back to pre-crisis unemployment for quite a while
Jobs in retail, tourism and travel are not going to come back in the same way
Fed's new monetary policy strategy is more about targeting the velocity of inflation rather than the overall level

U.S.: Chicago Purchasing Managers' Index , August 51.2 (forecast 52)

U.S. Stocks open: Dow +0.29%, Nasdaq +0.54%, S&P +0.31%

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