Too little support would create “unnecessary hardship for households and businesses,” the Fed chair says
America's employers added 661,000 jobs in September, but nearly 10 million jobs remain lost
The typical white family had eight times the wealth of Black families and five times the wealth of Hispanic families, a Fed report said
Fed also announced plan to push inflation above 2% annually
Projections may underscore how long the central bank expects to keep rates low
Employers added 1.4 million jobs, down from 1.7 million in July
Visits to shops and recreation outlets have picked up more quickly in Europe
Hiring slowed sharply in manufacturing, construction and health care services
Unemployment rate fell to 10.2% in July
Since the Fed's previous meeting in June, the pandemic's threat to the economy has appeared to worsen