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Powell: Impact of Developments in the Middle East on the Labor Market Outlook Is Still Uncertain

Powell: Impact of Developments in the Middle East on the Labor Market Outlook Is Still Uncertain

BlockBeats News, March 19, Federal Reserve Chair Powell: The economy is expanding, with inflation still somewhat high. The policy stance is appropriate, and close attention will be paid to various risks, with the impact of the Middle East situation still uncertain. The unemployment rate has not changed much since last summer, with a reiteration that labor demand has significantly cooled off.

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