Free Trial

MNI BRIEF: Powell Sees Rate Hike Before Workforce Rebound


Federal Reserve Chair Jerome Powell said the central bank will probably need to raise interest rates before labor force participation rebounds significantly as inflation surges.

“The return to higher participation is going to take longer,” he said. “We have to make policy now and inflation is well above target so this is something we have to take into account.”

MNI Washington Bureau | +1 202 371 2121 |
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.