Fed’s Kashkari says full U.S. employment ‘may take a few years’


© Reuters. FILE PHOTO: Minneapolis Federal Reserve President Neel Kashkari poses during an interview with Reuters in his office at the bank’s headquarters in Minneapolis, Minnesota, U.S., January 10, 2020. REUTERS/ Ann Saphir

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said that while the Fed plans to normalize once the market is fully recovered and is back to the Fed’s target, about 8 million Americans were working at the start of the pandemic are still out of work.

“I assume that that folks want to work again,” Kashkari told CNN in an interview. “How long is it going to take to bring all of those folks back into the labor market and really achieve full ? We’ll see, it may take a few years.”

Source: Investing.com

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