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MNI: Powell Sees Sustained Improvement, Temporary Inflation

FED

Federal Reserve Chair Jerome Powell said the economy has shown sustained but uneven improvement while highlighting "elevated" unemployment and temporary inflation pressure, in remarks published Monday ahead of a Congressional hearing on Tuesday. "As with overall economic activity, conditions in the labor market have continued to improve, although the pace has been uneven," Powell said in the text of opening remarks for a House of Representatives pandemic subcommittee - on MNI MainWire and email now, for more details please contact sales@marketnews.com.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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