US won’t reach ‘maximum employment’ this year: Powell

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by Heather SCOTT WASHINGTON, United States (AFP) — The US labor market faces a lengthy recovery and the economy will not see maximum employment this year, Federal Reserve Chair Jerome Powell said Thursday. While he expressed hope about the restoration of jobs lost during the pandemic, Powell noted that millions of workers have left the labor force. “I think it’s not at all likely it would reach maximum employment this year. I think it’s going […]