Gaining a full understanding of how job market dynamics have been affected by the COVID-19 pandemic will take some time, Federal Reserve Chair Jerome Powell said on Wednesday.
Powell, speaking at a press conference after the Fed’s latest policy meeting, said this summer’s wave of infections from the Delta variant disrupted what had been a robust pace of recovery in the job market and upended expectations for large job gains to persist as enhanced jobless benefits expired and schools reopened this fall.
