Powell: After the September rate cut, the Federal Reserve is "in a favorable position"; overly tight policy could impact the labor market
BlockBeats News, on September 24, Federal Reserve Chairman Jerome Powell stated that current employment growth appears too weak to maintain a stable unemployment rate. If policy is too tight, it could unnecessarily impact the labor market. Tariff-driven price pressures may be "temporary" and will not be "immediate." After the rate cut in September, the Federal Reserve is now "in a favorable position."
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