What Jerome Powell Said About the U.S. Economy Today

 


Today, Jerome Powell, the head of the Federal Reserve, gave a speech. He talked about the U.S. economy, jobs, and inflation. Here are the main things he said:

  1. Job Growth Is Slower In February, 151,000 new jobs were added. This number is a little lower than expected. The jobless rate is now 4.1%. Powell said the job market is still doing well, but the Fed is keeping a close eye on it.
  2. Inflation Is Improving Powell said inflation has gotten better since 2022. But it is still above the Fed’s goal of 2%. He is hopeful it will keep going down. The Fed will keep working to get inflation back to 2%.
  3. Trade Is Uncertain There are trade issues because of tariffs on goods from China, Mexico, and Canada. Powell said these problems make things harder for businesses and buyers. It is tough to know what will happen, but the Fed is watching.
  4. What’s Next for Growth and Rates Powell said the economy should grow by about 2% in 2025 and 2026. He also said the Fed is not planning to change interest rates soon. They will wait and see what happens with inflation and jobs before deciding.

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