Fed’s Bostic Says Labor Market Nears Full Employment, Urges Caution Against Hasty Policy Changes
According to ChainCatcher, citing Jinshi News, Federal Reserve’s Bostic stated that the U.S. job market remains close to full employment, providing the Fed with an “opportunity” to avoid making any hasty policy adjustments. He emphasized the need to avoid policy swings that could cause trouble for the public and expressed a preference for waiting until “things become clearer.” Bostic believes there is currently ample time to make adjustments, as the labor market is essentially at full employment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IMF warning: AI reshapes 40% of jobs, youth employment declines
Georgieva stated in Bangkok that although AI is boosting global growth to 3%, it will impact 40% of jobs, exacerbate the wealth gap and fiscal pressures, and pose serious challenges for youth employment.
Goldman Sachs and JPMorgan suddenly brake on AI infrastructure financing: Out of $5 billion AI loans, only $1.3 billion are accepted, and even with an 11% high interest rate, they dare not take it all.
JPMorgan and Goldman Sachs have taken the rare step of limiting their exposure to a $5 billion loan sale to artificial intelligence startup Volta Infrastructure Holdings Ltd.
Crypto prices
More
