Some of the links in this article are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission.
The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers.
By using the affiliate links, you are helping support our Website, and we genuinely appreciate your support.
[matched_title]
Goldman Sachs chief economist Jan Hatzius highlighted Fed Chair Jerome Powell’s cautious tone, noting Powell described the labor market as being in “a curious kind of balance” where both supply and demand for workers have slowed in tandem. Powell warned that the downside risks to employment are rising, with the potential for those risks to materialize quickly through sharply higher layoffs and a jump in unemployment.
Powell also acknowledged that GDP growth has slowed notably, though he suggested part of the weakness reflects a deceleration in potential output rather than purely cyclical demand pressures.
—
Hatzius was referencing Federal Reserve Chair Powell’s speech on Friday at Jackosn Hole. More yere:
The Federal Reserve’s Federal Open Market Committee (FOMC) next meet on September 16-17 where a 25bp Fed Funds rate is widely expected.
BBM JOB
