The U.S. job market saw its highest gains in February since October 2020
The wait-and-see message caused bond yields to jump
The Fed chair’s comments are in contrast to the increasing optimism about an economic rebound
Least advantaged households have been most affected by job losses, the Fed chair said
Economic uncertainty requires prolonged support from monetary policy
On Wednesday, Powell may aim to puncture speculation about the Fed curtailing its bond purchase program
The measure aims to encourage consumers and businesses to borrow and spend
Jobless claims reach highest levels since August
Layoffs soared by 17.6% in November, driven by job cuts at restaurants, bars and hotels
It's the first time since April that jobs have been shed