Federal Reserve Not Confident on Job Market: Analyst
Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as increasing risks to the job market left no room for further weakness. Powell said that a slowdown in the labor market is “unmistakable,” and that “the downside risks to employment have increased.”
NTD speaks to Jeffrey Tucker, the founder & president of the Brownstone Institute, for his analysis of Powell’s announcement.
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