Federal Reserve Chairman Powell: The Fed can maintain a strong labor market through policy adjustments

Sep 18, 2024 18:35
Odaily Planet Daily News: Federal Reserve Chairman Powell stated that the Fed can maintain a strong labor market through policy adjustments. The labor market is not a source of inflationary pressure; The indicators show that the current level of labor market tension is lower than before the outbreak of the epidemic; Inflation has significantly eased, but it is still higher than our target; The unemployment rate has increased, but remains low; Long term inflation expectations seem to remain stable. (Golden Ten)
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