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 Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock Market READ MORE Banking Sector Woes Propel Treasury Rally, Rate Cut Forecasts READ MORE Yellen Says She Regrets Saying Inflation Was ‘Transitory’ READ MORE Study Reveals Shift from Stocks to Sports Betting READ MORE Gold Rally Hits Crucial Juncture: $2,075 Level in Sight for a Major Breakout READ MORE Add a Comment Cancel replyYour email address will not be published.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