(Reuters] – U.S. Federal Reserve examines a broad range of indicators to gauge how close the economy has come to attaining full employment. Fed Chair Jerome Powell reiterated Tuesday the importance of targeting employees who tend not be on the frontlines.

Powell said that when we evaluate whether our maximum employment is achieved, we intentionally look at many indicators,” he told the virtual conference about diversity and inclusion in finance, economics and central banking. The Fed hosted it along with other central banks.

Powell stated that the Fed pays attention to the labor market inequalities and “rather then just the headline numbers” as Powell noted that an economy will be healthier and more robust if as many people are able work.

Later this month, the Fed will start to eliminate the first pillar it created in extraordinary stimuli in March 2020. This was to protect the economy against the COVID-19 pandemic. When the Fed begins to reduce its huge bond purchases,

Fed officials have cited strong economic growth as evidence that the economy is capable of standing on its own. Powell said last week that the Fed will remain patient, prioritize maximum employment and raise interest rates only if there is higher inflation than expected.

Policymakers are arguing about the number of jobs that the economy can create and the extent to which high inflation should be allowed. Investors currently expect a rise in the interest rate between now and next year.

While job growth averaged 582k per month in this year, the number of workers is still down by 3 million when compared to pre-pandemic levels.

It is possible that soon, the U.S. President Joe Biden may announce that Powell will be renominated to another term at the central bank.