Janet Yellen

With the American Rescue Plan passed, the US will return to full employment by the end of 2022.

“Well, I would expect that, if this package is passed, that we would get back to full employment next year.”

Said on

7 February 2021 · Interview with Jake Tapper on CNN's State of the Union, asked for a timeline for full reemployment

Source

State of the Union transcript, February 7, 2021 · CNN

Should come true

2022

How sure they sounded

I would expect

Categories

EconomyPolitics

Importance

3 of 5 · US labor-market recovery from the pandemic was a central national economic question.

Outcome

Accurate Happened 31 July 2022.

The American Rescue Plan passed in March 2021, and by July 2022 US unemployment had fallen to 3.5%, matching its pre-pandemic low, which is widely treated as full employment. That happened within 2022, the window she gave.

Evidence:

• https://www.bls.gov/news.release/archives/empsit_08052022.htm