Business
Fed chief Powell concerned about ‘disorderly’ market conditions – Sydney Morning Herald
Federal Reserve Chair Jerome Powell said the central bank is monitoring financial conditions, while adding that the economy is still a long way from achieving a…
While there are still risks, theres good reason to expect job creation to pick up in coming months, he said.
Powell said he didnt think the labour market would return to maximum employment in 2021.
The pandemic-damaged economy has shown pockets of strength at the start of the year. Retail sales surged in January by the most in seven months, while manufacturing expanded in February at the fastest pace in three years.
The jobs market has lagged, with claims filed for unemployment benefits stuck at…
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