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MNI PODCAST: FedSpeak - St. Louis Fed's Kent On 'Mom-cession'

EXECUTIVE SUMMARY
  • The so-called she-cession was really a mom-cession, St. Louis Fed senior researcher Kent said.
  • Recovery is afoot but slow, especially for groups with slim financial cushions hit by pandemic and then inflation.
  • U.S. labor force participation consistently lower than other rich countries: "their support for working mothers is stronger.”
  • “It’s not just about recovering back to where we were, which was a fairly inequitable state," Kent said.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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