Jerome Powell: “It is well past time we all have an adult conversation about fiscal responsibility.”

I have nothing for you on that today.

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.

Job growth, he said, has slowed considerably and that the downside risks to employment are rising.

I won’t bow to political pressure when it comes to setting monetary policy.