Yellen and Powell Agree on 'Single Most Important Thing' to Boost Labor Force Participation

There are plenty of jobs available right now, but a shortage of workers to fill them.

"What else should Congress do to help bring workers back into the labor force?" Sen. Raphael Warnock (D-Ga.) asked Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell at a hearing of the Senate Banking Committee on Tuesday.

Both Yellen and Powell said the "single most important thing" is getting past the COVID-induced disruptions:

"So, I would say that in the short run, vaccinations and increasing the number of people who have boosters...