Powell's lean to job market under microscope as Fed revisits strategy

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  Posted by Two Blokes May 15 - Filed in General - #TwoBlokesTrading  - 2 views
  
  With mounting evidence that tight labor markets do not necessarily boost inflation and facing massive job losses in 2020, Federal Reserve Chair Jerome Powell oversaw a shift in U.S. central bank strategy that put more weight on the goal of full employment and pledged not to use a low jobless rate as a reason in itself to raise interest rates.