U.S. Initial Jobless Claims Fall to 709K, CPI Unchanged

The video discusses the latest jobless claims, which are lower than expected, and the impact of COVID-19 on businesses and unemployment. It highlights concerns about long-term economic effects, as noted by Jay Powell, and provides an update on CPI data, which remained flat, contrary to expectations. The video also touches on the shift from regular unemployment to pandemic emergency unemployment.

What concern does Jay Powell have regarding the economy?

What was the CPI result for the month mentioned in the text?