The Federal Reserve is raising interest rates as it strives to deliver on its dual mandate of price stability and maximum sustainable employment. So far, the U.S. labor market has been impressively resilient; unemployment is at 3.7%, the lowest it has been in decades. But in several ways the impact of the pandemic on the labor market persists. Labor force participation is not yet fully back to pre-pandemic levels. While some employers are laying off workers, many others say they are finding it hard to hire. And work-from-home appears to be here to stay for many workers.
On November 30 at 1:30 p.m., Federal Reserve Chair Jerome Powell spoke at the Hutchins Center on Fiscal and Monetary Policy on the outlook for the economy, inflation, and the changing labor market. Following his remarks, Powell was interviewed by David Wessel, director of the Hutchins Center, and took questions from the audience.
Viewers can follow along with the conversation on Twitter using the hashtag #PowellatBrookings, and submitted questions for the panelists at sli.do, using code #PowellatBrookings.