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

(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said that while the Fed plans to normalize monetary policy once the labor market is fully recovered and inflation is back to the Fed's target, about 8 million Americans who 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 employment? We'll see, it may take a few years."

(Reporting by Ann Saphir; Editing by Shri Navaratnam)

05/05/2021 0:01

News, Photo and Web Search