Fed Chair Jerome Powell Observes Cooling US Job Market Amid Inflation Battle

Fed Chair Jerome Powell Observes Cooling US Job Market

Fed Chair Jerome Powell emphasized the necessity of “below-trend growth” in his recent remarks at the Kansas City Fed’s economic symposium, cautioning that persistent “above-trend growth” could trigger further monetary policy tightening. Fed Chair Jerome Powell sees signs of a cooling US job market, aligning with the Federal Reserve’s quest for weaker job creation and … Read more