Published 2 years ago

Why Fed worries about the strongest US job market in decades

Summary by Ground News

Jerome Powell says the job market is extremely tight andunsustainably hot. The Fed hopes to reduce the huge number of job openings, rather than spur layoffs. Fewer available jobs, in turn, would slow wage increases and help tame inflation. Economists are generally skeptical that the Fed can successfully thread that needle.

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Associated Press News

Why Fed worries about the strongest US job market in decades

WASHINGTON (AP) — Chair Jerome Powell isn't as pleased with the robust U.S. job market as you might think he'd be, and he and the Federal Reserve plan to do something about it: Take it down a notch.

2 years ago·United States

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abc News

Why Fed worries about the strongest US job market in decades

Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch

2 years ago·United States

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Washington Times

Why Fed worries about the strongest U.S. job market in decades

Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch.

2 years ago·United States

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KIFI

Why Fed worries about the strongest US job market in decades - Local News 8

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch. Powell described the job market this week as “extremely, historically” tight and “unsustainably hot.” Available jobs are near record highs. Wages are rising at their fastest pace in decades. The unemployment …

2 years ago·Idaho Falls, United States

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KVIA

Why Fed worries about the strongest US job market in decades

2 years ago·Panama City, United States

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MY Northwest

Why Fed worries about the strongest US job market in decades

WASHINGTON (AP) — Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch.On Thursday, Powell described the job market as “extremely, historically” tight and “unsustainably hot.” Available jobs are near record highs. Wages are rising at their fastest pace in decades. The unemployment rate is flirting with a half-century low…

2 years ago·Tacoma, United States

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