Jerome Powell: “It is not a foregone conclusion”

Part of that is due to the start-stop nature of the tariffs that have been introduced.

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.

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.