Jerome Powell can't take his eyes off the job market
CNN
Federal Reserve Chair Jerome Powell has made it very clear that unlike some investors, he's not stressed out about a potential rise in inflation later this year. And there's good reason for that: he's busy worrying about jobs.
What's happening: The US economy is still down 9.5 million positions since February 2020, putting huge pressure on the central bank to keep stimulus coming for the foreseeable future. Expect Powell to hit this point hard when the Fed announces its latest policy decision this week.More Related News
When prosecutors make their final pitch Tuesday to a New York jury for why they should convict Donald Trump of a slew of business crimes, they’ll face the burdensome task of weaving together weeks of testimony and evidence they say proves the former president committed felonies to help his 2016 campaign.