Powell Warns of Job Losses Amid Softening Labor Market
Federal Reserve Chair Jerome Powell has raised alarms about the labor market, stating it has softened considerably and could lead to 'painful' job losses if the Fed does not act swiftly. He emphasized the risks of insufficient economic data, which may hinder informed decision-making and threaten job security and economic stability.
Powell Warns of Job Losses Amid Softening Labor Market
Federal Reserve Chair Jerome Powell has raised alarms about the labor market, stating it has softened considerably and could lead to 'painful' job losses if the Fed does not act swiftly. He emphasized the risks of insufficient economic data, which may hinder informed decision-making and threaten job security and economic stability.
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