Jerome Powell: “The U.S. economy is now in a good place. At the moment, unemployment is low, prices are near 2 percent inflation, so…”

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.

I do think that’s right.

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

I’m very focused on just doing my job.