Powell: Fed Has Been ‘Well Positioned’ Since September Rate Cut, Overly Tight Policy Could Hit Labor Market

BlockBeats News, September 24, Federal Reserve Chair Powell stated that current job growth appears to be too weak to sustain a stable unemployment rate. If the policy is too tight, it may unnecessarily impact the labor market. Tariff-driven price pressures may be "transitory" and will not happen "all at once." After the rate cut in September, the Federal Reserve is now in a "favorable position." (FXStreet)