Fed Chair Jerome Powell Addresses Congress on US Economy's Cooling Job Market
Tuesday, 9 July 2024, 16:15
Fed Chair's Testimony:
Fed Chair Jerome Powell addressed Congress and noted the cooling job market in the US.
Key Points:
- US Economy: No longer overheated, returning to pre-pandemic levels.
- Interest Rates: Two-sided risks considered for future decisions.
- Guidance Shift: Moving towards data-driven decision-making.
In conclusion, Powell's remarks suggest a cautious approach in evaluating economic indicators for potential monetary policy shifts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.