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Fed’s Kashkari warns Delta variant fears are keeping millions from restarting work and could slow the labor market’s recovery

FILE PHOTO: Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York February 17, 2016. REUTERS/Brendan McDermid

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As many as 9 million Americans are holding back from returning to work as the highly contagious Delta variant spreads, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday.

That reluctance could slow the US labor market’s recovery, the Fed official told CBS’s chief political analyst John Dickerson on “Face the Nation.”

“We believe that they’re out of work because they’ve been nervous about COVID, because of childcare issues, because of these enhanced unemployment benefits,” Kashkari said.

The Delta variant is the most common source details ⇒

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