Question: Evaluate Powell's two statements, and explain how the two statements are related. Why is it important for the Federal Reserve to accurately estimate how many

Evaluate Powell's two statements, and explain how the two statements are related. Why is it important for the Federal Reserve to accurately estimate how many people might still be brought back into the labor market as economic recovery continues? Why might it be difficult for the Federal Reserve to make such estimates? What potential policy errors might the Federal Reserve make if its estimates are inaccurate?

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