The Federal Reserve is focused on achieving a good labor market for a sustained period, Chair Jerome Powell said at a roundtable event in York, Pennsylvania. “Lots of good things happen” in addition to real wage increases when a good labor market lasts for a sustained period of time, Powell said Monday. There are expanded efforts to get more people into the workforce, for example, like programs that prepare prisoners for work a year before they are released. “Actually it turns out that as an expansion gets longer and longer, more and more of the wage needs actually go to people at the lower end of the wage spectrum,” ... (full story)