Yellen Sees Full Employment in 2022 With Biden Stimulus Plan (2)

Treasury Secretary Janet Yellen said the U.S. can return to full employment in 2022 if it enacts a robust enough coronavirus stimulus package, but otherwise risks a slower rebound in jobs and the economy.

“I’m afraid that the job market is stalling,” she said on CBS’s “Face the Nation,” in one of two Sunday-morning interviews.

Yellen said that low-wage earners, minorities and women are suffering the most and could face “permanent” damage from a prolonged slowdown. “We’re in a deep hole with respect to the job market and a long way to dig out,” she said.

Without adequate support, it ...