Fed Chairman Powell says unemployment, already at 50-year low, could go lower


fed reserve worthy us news(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…) ]

11
people are currently praying.

đź’ˇ Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X
Join the Truth Social discussion

Latest Worthy News

Israel’s Knesset Advances Dissolution Bill, Moving Nation Closer To Early Elections
Pressure Mounting On Cuban Regime As Raul Castro Indicted In U.S.
Revised Bipartisan Housing Bill Passes U.S. House, One Step Closer To Becoming Law
U.S. Troop Reduction In Europe Pressures Nato Allies To Increase Their Defense
Senate Republicans’ Rebellion In War Powers Resolution Vote Could Sway House Vote
Trump-Backed Gallrein Defeats Rep. Thomas Massie In Kentucky GOP Primary
US Christian Doctor Tests Positive For Ebola In Congo Outbreak
US Televangelist James Robison Dies At 82
Dutch Christians Rally In Support Of Refugees After Loosdrecht Violence
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News