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4/15, 10:24 PM (Source: TeleTrader)
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US employment still far away from Fed's goal - Mester

The United States still has a long way to go until it reaches the Federal Reserve's goals on employment, the President of the Cleveland subsidiary Loretta Mester (pictured) said on Thursday.

However, Mester echoed her colleague's stance that the economic recovery is advancing and that the outlook is brightening.

"Sizable support from fiscal and monetary policy, vaccination deployment, and the resiliency shown by households and businesses, all point to a pickup in activity in the second half of this year and for continued progress, albeit uneven progress, as some sectors recover faster than others," the official stated.

Breaking the News / MD