Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Powell Looking For Series of Strong Job Reports


Federal Reserve Chair Jay Powell said Thursday he's looking for several more strong job reports like the one from March before judging the economic recovery has shown progress toward full employment, adding that conditions remain uneven.

"We got a taste of what faster progress will look like with the March employment report -- close to a million jobs, particularly if you add in the revisions for January and February -- and we want to see a string of ones like that so we can really begin to show progress toward our goals," he said at an IMF forum.

A full economic reopening will be here "fairly soon" but the recovery "remains uneven and incomplete," with the unemployment rate for the bottom quartile of workers hovering at 20%, he said.

MNI has reported the FOMC could become more bullish about the economy's prospects by the time it issues the next round of forecasts in June.

MNI Washington Bureau | +1 202-371-2121 |
MNI Washington Bureau | +1 202-371-2121 |

To read the full story

Why Subscribe to


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.