You are here

Yellen's bet on pulling workers back to labour force pays off

Ms Yellen, who argues that strong hiring will feed through to higher wages and price pressures in time, can explain her labour-market views further when she delivers semi-annual testimony to Congress this month.


EVEN as US unemployment crept lower in recent years, Federal Reserve chair Janet Yellen stuck with a glacial pace of policy tightening that she justified with a powerful message: There were still millions of potential workers to pull in from the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to