Opinion: Powell acknowledges Fed's growing concerns about job market

BlockBeats news, on August 23, Karl Schamotta, chief market strategist at foreign exchange company Corpay, said that the key sentence in Powell's speech was that they would "make further progress in price stability while doing everything they can to support a strong labor market."

In my opinion, this does show that Powell acknowledges that policymakers are increasingly concerned about the direction of the labor market. Powell did not put a 50 basis point rate cut in September on the table, which is also in line with market expectations to some extent. (Jinshi)

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