Federal Reserve Bostic: The labor market has slowed down, but it does not appear to be weak or vulnerable
Bitget2024/10/08 23:13
Federal Reserve's Bostic stated that the labor market has slowed down, but it does not appear weak or vulnerable; the economy is close to the Fed's target and is "gradually approaching"; inflation rate remains well above 2%; risks of an overly strong economy may hinder policy readjustment; continues to focus highly on inflation targets, while also paying attention to employment market conditions.
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