Powell: Fed shifts policy focus from inflation to employment
Source: ChainCatcher
Time: 2025-09-18 03:10:13
According to ChainCatcher, according to Kingshin, Federal Reserve Chairman Powell stressed that given the signs that the labor market is "really cooling", the Federal Reserve is inclined to "maximize employment" in its dual mission. He noted that the risk of continued high inflation has decreased since April, partly due to slower employment growth. Meanwhile, downside risks in the labor market have risen, and new jobs seem to be lower than the “break-even rate” required to maintain the unemployment rate.