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.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 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

Latest Worthy News

Conservative Keiko Fujimori Wins Peru Presidency After Weeks Of Uncertainty
Trump Celebrates America’s 250th Birthday Amid Political Controversy And Heat Wave
Russia Claims Full Control Of Luhansk As Fighting Continues In Eastern Ukraine
Government Delegations Arrive In Iran For Khamenei Funeral
Moldova Prime Minister Resigns, Triggering Government’s Fall
Monaco Says Ukrainian Woman Main Suspect In Bombing
American Mission Pilot Killed In Papua As US Monitors Investigation
Pakistan Bus Plunges Into Ravine, Killing At Least 40
Unemployment Dips to 4.2 Percent as Hiring Slows Sharply in June
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