Fed Chair Powell: Labor Market 'Fully Back in Balance' Federal Reserve Chair Jerome Powell has declared that the U.S. labor market has achieved balance, marking a significant shift from the past three years when a tight job market was cited as a reason for maintaining high interest rates. This change in stance suggests that the Fed no longer views the labor market as a primary source of inflationary pressure. The cooling job market, evidenced by more concentrated hiring in specific sectors like healthcare and government, may now support the case for potential interest rate cuts in the near future. This development indicates that the Fed is reassessing its policy approach, considering both inflation risks and the potential negative impacts of prolonged high rates on the economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Rush 2.0: Australian Miners Poised for M&A Spike Amid Soaring Prices READ MORE Inflation Cools, But Debt Troubles Persist for Lower-Income Americans READ MORE Dow Tumbles 760 Points as Market Reacts to Recession Worries READ MORE Inflation Reporting's Blind Spot: The Cumulative Impact READ MORE Federal Reserve Balances Rate Decisions Now That Inflation Has Slowed READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment