Powell: labour market has cooled considerably, latest economic data strong
On 8 November, Federal Reserve Chairman Jerome Powell said that the labour market has cooled considerably and is now largely in balance.
The strong performance of the latest economic data is highly welcome. Policy remains restrictive.
No further cooling of the labour market is needed. Today's decision is another step in the recalibration process.
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.
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