On the recordFebruary 28, 2018
We have got unemployment, as you know, at 4.1 percent, which is sort of at or near or even below most estimates of the natural rate of unemployment.
Source
congress.govWe have got unemployment, as you know, at 4.1 percent, which is sort of at or near or even below most estimates of the natural rate of unemployment.
Powell discusses current unemployment rates in relation to economic policy.
Share
More from Jerome Powell
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
Part of that is due to the start-stop nature of the tariffs that have been introduced.
When you significantly slow the growth of the labor force, you will slow the growth of the economy.