Federal Reserve Chairman Jerome Powell said Friday that the U.S. economic recovery appears to be making progress, but warned that the central bank needs to be careful not to tighten its policy before enough Americans can return to work. “Today, with substantial slack remaining in the labor market and the pandemic continuing, such a mistake could be particularly harmful,” said Powell in remarks delivered at the central bank’s Jackson Hole Economic Symposium. Powell’s warning hints at a… Source link
Read More »Reversing Fed stimulus too early could be ‘particularly harmful’
