๐ Fed Chair Powell: Cooling Job Market Not a Worry Right Now! โ
According to Odaily reports, Federal Reserve Chair Jerome Powell says the US job market might be slowing down a bit, but he's not concerned yet. Why? ๐ค
He points to two good signs:
1๏ธโฃ People are joining the workforce (labor force participation is strong).
2๏ธโฃ Wages are still growing healthily. ๐ฐ
Powell did mention that while the overall economic picture is a little less uncertain, things still feel shaky. He wants to wait for more data before making any big decisions. โณ
His key condition? As long as we see reasonable economic growth and inflation keeps falling gradually, he's comfortable watching how things develop with the jobs market. ๐
