Powell: Labor Market in Good Shape, Hope to Keep It That Way
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September 17, 2024
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Fed Chair Powell: US Job Market Strong, Hopes to Maintain It
In a response to questions, Federal Reserve Chair Jerome Powell said the US labor market is currently strong and expressed hope that it will remain so. He also remarked that the Fed has made a good start on interest rate cuts, a sign of their confidence in bringing inflation down to 2%. (Gold Ten)
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