Philadelphia Fed president Harker: Employment remains down significantly

Market news

24 June 2021

Philadelphia Fed president Harker: Employment remains down significantly

U.S. economy, by and large, is in good shape overall
GDP has come roaring back after record contraction during H1 2020; consumption, housing, and manufacturing are extremely healthy; workers’ incomes are rising
Employment remains down significantly; we still have nearly 7.6 million fewer people working than we did before the pandemic
One of Fed's most important responsibilities is to build an equitable workforce

Atlanta Fed president Bostic: FOMC policymakers need to aim for both growth and sustainability

Richmond Fed president Barkin: Relative price stability is more important than a few months of price rises

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