Fed Chairman Powell says unemployment, already at 50-year low, could go lower
(Worthy News) – Federal Reserve Chairman Jerome Powell said that the unemployment rate, already at a 50-year low, could drop further without necessarily causing inflation to rise.
“The data is not sending any signal that the labor market is so hot or that inflation is moving up,” Powell said during a hearing at the congressional Joint Economic Committee. “What we have learned … is that the U.S. economy can operate at a much lower level of unemployment than many thought.”
The chairman also said that wages were rising. [ Source: Washington Examiner (Read More…) ]
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