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What Does The Fed Even Do? - FedWatch 121

Bitcoin Magazine Podcast

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COVID-19 and the Labor Force Shortfall

Labor force participation dropped sharply at the onset of the pandemic. Many forecasters expected that participation would move back up fairly quickly as the pandemic faded. But recent research by Fed economists finds that the participation gap is now mostly due to excess retirements. The data so far do not suggest that excess retirements are likely to unwind because of retirees returning to the labor force.

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