Fed Chair: U.S. Economy 'Very Unusual'

Federal Reserve Chair Jerome Powell describes the U.S. economy as very unusual, citing rising goods prices due to tariffs and a potentially weaker job market than official reports suggest. Despite cutting interest rates for the third time, Powell acknowledges that job growth might be overstated by sixty thousand jobs each month. Inflation remains high, but much of it is due to tariffs, not an overheated domestic economy. The Fed faces internal divisions on how to balance ongoing inflation risks against a potentially fragile job market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.