The National on Nostr: Jerome Powell's new priority is protecting the US labour market ========== Federal ...
Jerome Powell's new priority is protecting the US labour market
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Federal Reserve Chairman Jerome Powell stated the US labour market is showing unmistakable signs of cooling; Powell emphasized the new priority of protecting jobs during his keynote at the Jackson Hole Symposium on August 24, 2024; inflation is currently at 2.5%, with a target of 2%; the Fed's interest rates are set between 5.25% and 5.50%; the unemployment rate has risen from 3.7% to 4.3% in 2024; the Fed added 818,000 fewer jobs than previously reported last year; Powell indicated a shift in policy focus from inflation to employment; the next jobs report is due on September 6, 2024; a potential rate cut of 25 to 50 basis points is being discussed; Powell believes the Fed can achieve price stability without harming the economy.
#JeromePowell #FederalReserve #UsEconomy #LabourMarket #Inflation #InterestRates #Unemployment #JacksonHoleSymposium #EconomicPolicy #RateCuts
https://www.thenationalnews.com/business/economy/2024/08/24/jerome-powells-new-priority-is-protecting-the-us-labour-market/
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Federal Reserve Chairman Jerome Powell stated the US labour market is showing unmistakable signs of cooling; Powell emphasized the new priority of protecting jobs during his keynote at the Jackson Hole Symposium on August 24, 2024; inflation is currently at 2.5%, with a target of 2%; the Fed's interest rates are set between 5.25% and 5.50%; the unemployment rate has risen from 3.7% to 4.3% in 2024; the Fed added 818,000 fewer jobs than previously reported last year; Powell indicated a shift in policy focus from inflation to employment; the next jobs report is due on September 6, 2024; a potential rate cut of 25 to 50 basis points is being discussed; Powell believes the Fed can achieve price stability without harming the economy.
#JeromePowell #FederalReserve #UsEconomy #LabourMarket #Inflation #InterestRates #Unemployment #JacksonHoleSymposium #EconomicPolicy #RateCuts
https://www.thenationalnews.com/business/economy/2024/08/24/jerome-powells-new-priority-is-protecting-the-us-labour-market/