News Formal

US economy on track for strong jobs market despite Delta, says Fed’s Powell | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

WASHINGTON, Aug 27 — The US economic recovery is on track to return to a strong labour market, and the central bank could begin to withdraw its stimulus measures by year-end, Federal Reserve Chair Jerome Powell said today. But the Fed leader stressed that there was no hurry to raise the benchmark...

WASHINGTON, Aug 27 — The US economic recovery is on track to return to a strong labour market, and the central bank could begin to withdraw its stimulus measures by year-end, Federal Reserve Chair Jerome Powell said today.

In his highly anticipated speech to the annual Jackson Hole central banking symposium, Powell said despite the impact of the Delta variant of Covid-19, the economy has continued to recover and show strong job growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Huawei gets US approvals to buy chips for its growing auto business | Malay MailWASHINGTON, Aug 25 — US officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said. Huawei, the world’s largest...
Source: malaymail - 🏆 1. / 86 Read more »