Jerome Powell, Chairman of the Federal Reserve System, said on Tuesday that they look at a wide range of indicators when assessing maximum employment, as reported by Reuters.
Additional takeaways
“Fed is attentive to labour market disparities rather than just headline numbers.”
“An economy is healthier and stronger when as many people as possible are able to work.”
“Those who have historically been left behind stand the best chance of prospering in a strong economy.”
Market reaction
The market reaction to these comments was muted and the US Dollar Index was last seen posting small daily losses at 93.95.
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