Powell: Recent strong employment data may be slightly 'exaggerated'
Powell stated at the press conference on interest rate decisions that overall, a range of indicators indicate that the labor market has recovered to pre-pandemic levels, which is relatively tight but not overheated. Members of the Federal Open Market Committee (FOMC) expect the labor market to continue to strengthen. However, Powell also suggested in his speech that recent strong employment data may be slightly "exaggerated" and hinted that benchmark data may be under revision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed's Kashkari: Fed policymakers are making the most reasonable decisions based on data
Summers: IRS layoffs could cost government $1 trillion in revenue
New ATH Announcement for Bitcoin (BTC) from Standard Chartered! "He Set a Single Condition!"
Trending news
MoreCrypto prices
More








