Page 18 - Newspaper_3.cdr

18 ECONOMY Trump’s Time

Unemployment may not return

to Trump lows: Fed official

The U.S. unemployment rate may not return to the more than half-
century lows recorded under former President Donald Trump,
according to Esther George, president of the Federal Reserve

Bank of Kansas City.

The national unemployment rate is currently at 5.4%, a pandemic-
era low, but remains elevated from the 3.5% that was reached

under Trump. Many workers remain on the sidelines due to
generous unemployment benefits, the closing of schools and
day care, and fears over the virus.

By Jonathan Garber

"I'm not necessarily wedded to saying told FOX Business' Edward
a pre-pandemic number will Lawrence.
represent full employment because
one of the things we know is that the The Federal Reserve's dual mandate
pandemic shock could have had real calls for the central bank to achieve
impacts on the way we work," George maximum employment and price