Fed Chairman Powell: Fed can maintain strong labor market through policy adjustments

Odaily News Fed Chairman Powell said in a speech that the Fed can maintain a strong labor market through policy adjustments. The labor market is not the source of inflationary pressure; indicators show that the current labor market is less tight than before the outbreak; inflation has eased significantly, but is still above our target; the unemployment rate has risen, but is still low; long-term inflation expectations seem to remain stable. (Jinshi)