How 'substantial' was progress for the US Federal Reserve?

A range of metrics - unemployment rate for Blacks, the labor force participation rate for women, the share of population overall that is working - remain significantly worse than before the pandemic

Last December, with COVID-19 vaccinations only just beginning and the pandemic still raging, the U.S. Federal Reserve promised it would continue supporting the recovery with $120 billion in monthly bond purchases until there had been "substantial further progress" in meeting it goals of 2% inflation and maximum employment.

At the end of its November policy meeting on Wednesday the central bank is likely to declare that standard met, clearing the way to trim $120 billion in monthly bond buying and eventually raise interest rates.

How substantial has the progress been?

In the case of inflation, probably more than the Fed bargained for. The