Recovery, Powell said, would require both "near-term policy and longer-run investments" to ensure anyone who wants a job can get one. "It will require a society-wide commitment, with contributions from across government and the private sector." "Given the number of people who have lost their jobs and the likelihood that some will struggle to find work in the post-pandemic economy, achieving and sustaining maximum employment will require more than supportive monetary policy," Powell said in remarks to the Economic Club of New York. Federal Reserve Chair Jerome Powell, citing the country's push after World War Two to find jobs for returning soldiers, on Wednesday called for a broad national effort to get Americans back to work after the pandemic, particularly minorities and workers ousted from lower-paying jobs.
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