Back

Powell Notes Labor Market Slowdown, Dismisses Steep Decline Concerns

Federal Reserve Chair Jerome Powell acknowledges a cooling labor market but indicates no expectation of a significant downturn.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Federal Reserve: The central banking system of the United States responsible for monetary policy.
  • Labor Market: The supply and demand for jobs, where employers seek workers and workers seek employment.