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NEW! • Bloomberg | Yellen Says No Strong Labor Market in Long Run If Inflation High, 9/11
..."The Fed is going to need great skill and also some good luck to achieve what we sometimes call a soft landing," Yellen said Sunday in an interview on CNN's "State of the Union." [...] The Treasury chief also said the US economy's growth rate was slowing, a natural consequence of rising rates, though the labor market remained "exceptionally strong" with almost two vacancies [JOLTS series] for every worker looking for a job....
... Roughly 16 million working-age Americans said they had long COVID in a June survey conducted by the Census Bureau, but it's unclear how many of them are still too sick to work....
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