Fed Chair Powell Says Long Way to Go Until Full Employment

The video discusses the importance of policies to reopen sectors and return people to work, emphasizing the need to end the pandemic decisively. It highlights the slack in the labor market and the goal of achieving maximum employment. The focus is on anchoring inflation expectations at 2% and the commitment to using economic tools to achieve these goals, including asset purchasing until substantial progress is made.

What is indicated about the labor market and employment?

What is the current pace of purchasing assets mentioned?