Free Trial

MNI BRIEF: Powell Says Big Job Progress Still 'Some Way Away'


Federal Reserve Chair Jerome Powell told reporters Wednesday "we have some ground to cover on the labor market side" in terms of achieving substantial further progress that would justify tapering QE.

"We're some way away from having had substantial further progress toward the maximum employment. I would want to see some strong jobs numbers."

MNI Washington Bureau | +1 202 371 2121 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.