Jerome Powell’s sudden bearishness on the jobs market is a welcome sign for Wall Street

Quick Summary:

"We’re not just an inflation-targeting central bank," Powell told the House Financial Services Committee on the second of two days of semi-annual testimony to Congress.

"We also have an employment mandate".

"We’re not just an inflation-targeting central bank," Powell told the House Financial Services Committee on the second of two days of semi-annual testimony to Congress.“We also have an employment mandate".

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Article Details

Author / Journalist: Paul Wiseman, The Associated Press, Irina Ivanova

Category: EconomyBusiness

Markets: United States

Topics: Unemployment Interest Rates Inflation Federal Reserve Recession

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 18:26:51 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 31 words

Reading Time: 1 minutes read

Sentences: 22 lines

Sentence Length: 2 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 21567968

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 11 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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