On the recordMarch 1, 2022
we understand that high inflation poses significant hardships, especially on those least able to meet the higher costs of essentials like food, housing, and transportation.
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congress.govwe understand that high inflation poses significant hardships, especially on those least able to meet the higher costs of essentials like food, housing, and transportation.
Acknowledging the challenges of inflation on essential goods.
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More from Jerome Powell
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.