A Federal Reserve Governor speaks out: If the unemployment rate worsens, swift action will be taken
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A Federal Reserve board member said that if the unemployment rate deteriorates, the Fed will take action promptly. She predicted that the U.S. economy may experience a soft landing after inflation. The U.S. labor market is still strong, but the Fed is very concerned about the unemployment rate. In addition, she discussed the impact of the COVID-19 pandemic on inflation and central bank response measures. Federal Reserve Chairman Powell also stated that policymakers are waiting for more data to confirm the inflation path. Traders expect the Fed to cut interest rates in September. This information is related to macroeconomics
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