Philadelphia Fed president Harker: Building an equitable workforce recovery is not just a moral necessity, but an economic one as well

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2 October 2020

Philadelphia Fed president Harker: Building an equitable workforce recovery is not just a moral necessity, but an economic one as well

Get money into the hands of people most likely to spend it, and you’ll see a multiplier effect throughout the broader economy
Many jobs lost during the pandemic will not return
Fed will accept periods of above 2% inflation after long periods of sub-2%

U.S. Stocks open: Dow -1.24%, Nasdaq -1.81%, S&P -1.42%

Before the bell: S&P futures -1.54%, NASDAQ futures -2.18%

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