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Fed’s Kashkari Warns Delta Variant Could Slow Jobs Recovery
Minneapolis Fed President Neel Kashkari said the spread of the delta variant of Covid-19 could keep some Americans from looking for work, potentially harming the U.S. recovery. “I was very optimistic the fall would be a strong labor market with many of those Americans coming back to work. That’s still my base case scenario,” he said Sunday during an interview on CBS’s “Face the Nation.” “But if people are nervous about the delta variant, that could slow some of that labor market recovery and therefore be a drag on our economic recovery.” Fed officials took a step last week toward eventually scaling ... (full story)