Entering text into the input field will update the search result below

Short And Sharp: A Little Bit Of Patience


  • There is an argument to be made that the recovery from the pandemic hasn't been as strong as the headline numbers suggest, nor as evenly distributed.
  • The economic expansion that prevailed before the pandemic was the longest on record and resulted in the U.S. unemployment rate falling to near-historic lows.
  • Under the Fed's new framework, it will consider a broader array of labor market statistics, including female labor force participation, minority unemployment and wage growth of low-income jobs in order to gauge when maximum employment has been reached.
  • With employment no longer as tightly linked to inflation, and if the potential benefits to low income and minority communities are significant, a low unemployment rate is not, by itself, a reason to tighten monetary policy.

Economic and financial crisis concept. Stock market graphs and usd dollar against ameican flag on the dark background
Photo by Lazy_Bear/iStock via Getty Images

By Seema Shah, Chief Strategist, Principal Global Investors

Much of the market's interest in the Federal Reserve's (Fed) review of its monetary policy has focused on its embrace of average inflation targeting. While the overshooting part

This article was written by

The Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com. Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Princor Financial Services Corp., 800/247-1737, Member SIPC and/or independent broker/dealers. Principal National, Principal Life, Principal Funds Distributor, Inc. and Princor® are members of the Principal Financial Group®, Des Moines, IA 50392. Investing involves market risk, including possible loss of principal.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.