Fed Chair Powell Says U.S. Job Market No Longer ‘Solid’
Jerome Powell acknowledges a shift in U.S. labor conditions, suggesting the Federal Reserve now sees employment as weaker than before.
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Terms & Concepts
- Federal Reserve: The central banking system of the United States, responsible for monetary policy, regulating banks, and maintaining financial stability.
- Job Market: The supply and demand for labor within an economy, reflecting employment levels, wage trends, and hiring activity.