The Chairman of the United States Federal Reserve, Jerome Powell, who is currently appearing at the Senate hearing for his reappointment, has indicated that the US labor market is recovering “incredibly” fast and that the economy no longer needs a highly accommodative policy.
Featured statements:
“Wage increases are generally a good thing.”
“We are monitoring wages carefully.”
“The unemployment rate is doing very well.”
“The economy no longer needs a highly accommodative policy.”
“Inflation so above target tells us that the economy no longer needs our highly accommodative policy.”
“This year it will bring politics closer to normality.”
“It really is time for us to move away from emergency settings.”
“Doing so shouldn’t have a negative impact on the job market.”
“We cannot directly interfere with the conditions on the supply side.”
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