Ultimate magazine theme for WordPress.

The Minneapolis Fed President says the Delta option could slow the labor market recovery

© Reuters. FILE PHOTO: Minneapolis Federal Reserve Bank President Neel Kashkari poses in his office at the bank’s headquarters in Minneapolis, Minnesota, Jan. 10, 2020 during an interview with Reuters. REUTERS / Ann Saphir / File Photo

By Sarah N. Lynch

WASHINGTON (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said Sunday that concerns about the spread of the contagious Delta variant could slow the US labor market recovery.

“It really creates a lot of caution,” he told Face the Nation to CBS, noting that between seven and nine million Americans are still unemployed, likely due to coronavirus fears.

Kashkari added that he was “optimistic” before many returned to work, and while this is still his “baseline” scenario, he said that “when people are nervous about the Delta option, it is part of the recovery The labor market could slow down. “

“The sooner we vaccinate people, the sooner we can get Delta under control and the better our economy will be.”

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.

Fusion Media or any other person involved in Fusion Media assumes no liability for any loss or damage that might arise from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.

Comments are closed.