Fed's Powell: Labor Market Appears in Balance, Rate Hike Unlikely

Name: Fed's Powell: Labor Market Appears in Balance, Rate Hike Unlikely
Uploaded: 2024-07-10T03:18:43.444Z
Duration: 1 min 47 s
Channel: Channeldo Credit
Description: "This is no longer an overheated economy," Federal Reserve Chair Jerome Powell says during his semiannual testimony before the US Senate Banking and Housing Committee. Powell also says a rate increase doesn't seem likely as the Fed's next move.

Channeldo Credit

Jul 10, 2024

"This is no longer an overheated economy," Federal Reserve Chair Jerome Powell says during his semiannual testimony before the US Senate Banking and Housing Committee. Powell also says a rate increase doesn't seem likely as the Fed's next move.