Layer Info – US – The labor market has a long recovery ahead of it, says Fed’s Powell

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The US. Federal Reserve chairman Jerome Powell said Thursday it was a long way from a strong job market, an indication that the central bank’s easy-money policy will persist for the foreseeable future

Friday ???? s US. Job report – which showed the U The loss of 140000 payroll offices in December pushed the central bank further astray, although officials and many private economists expect the economy to recover this year as a Covid-19 vaccine spreads across the population, according to a Wall Street Journal poll of forecasters that month, the US. Economy will grow 43% this year and the unemployment rate will decrease from 67% in December to 53% by the end of this year

« We are far from maximum employment, » Mr. Powell said on a webcast with Princeton University, his undergraduate alma mater

The Fed has pushed short-term rates close to zero, signaling that it intends to keep them there for a long time. Since June, the company has issued $ 80 billion in government bonds and $ 40 billion in mortgage bonds every month Purchased US dollars less repayments and undertakes to continue doing so until it sees « significant further progress » on the labor market

The Fed Aims for 2% Inflation Over Time and a Strong Labor Market Easy Money Policy Aims to Promote This Mr. Powell said the appropriate time to hike interest rates is to stave off higher inflation « soon » a ????

Jerome Powell, Federal Reserve System, Joe Biden, Chairman of the United States Federal Reserve

Level Info – USA – The job market has a long recovery ahead of it, says Fedâ ???? s Powell

Source: https://www.wsj.com/articles/jobs-market-has-long-recovery-ahead-says-feds-powell-11610647556

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