Fed Chair says current job-market issues are different than any he's seen

2021-09-24 21:17:13 GMT (Economies.com)
Fed Chair says current job-market issues are different than any he's seen

Federal Reserve Chairman Jerome Powell held a virtual Fed Listens panel with a several analysts and experts.

 

Powell stated that he had never seen these kind of supply-chain issues, never seen an economy that combines drastic labor shortages with lots of unemployed people and a lot of slack in the labor market.

 

Powell added that the Fed is following all the released economic data, and is listening to companies in different sectors.

 

Jerome Powell stated before that he expected the Fed to start reducing emergency pandemic support in November.

 
 
 
  Symbol Last Change Chg.%
1.1630
0.0019
0.1658%
1.3754
0.0015
0.1077%
Tadawul
11864.78
18.85
0.16%
24.393
1.079
4.630%
84.313
0.967
1.160%
86.21
0.72
0.84%
1800.150
30.410
1.718%
 
 
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