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
Central bank expects to keep short-term benchmark interest rate near zero through at least 2023
Congress has yet to agree on another round of urgently needed financial aid
Shelton’s past writings have questioned the Fed’s political independence
The Federal Reserve chair also warned of continued weakness after the pandemic
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