Wages have been rising, particularly for lower-paying jobs. People who live and work in low and middle-income communities tell us that many who have struggled to find work are now getting opportunities to add new and better chapters to their lives.
Highlights the positive impact of economic policies on job opportunities for lower-income individuals.
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More from Jerome Powell
The outlook for employment and inflation does not appear to have changed much since our September meeting
Rising downside risks to employment have shifted our assessment of the balance of risks
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
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