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Chair Powell Says He Currently Doesn't See Cracks Appearing In Jobs Market

FED
  • Q: Are you concerned that there may be some cracks appearing in the jobs market?
    • A: I don't see those cracks today. The overall picture is a strong labor market, pandemic imbalances have mostly been resolved.
    • Wage growth is moderating down to more sustainable levels. The labor market is in good shape. I used the term "unexpected weakness" in the labor market.

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