Federal Reserve Chairman Powell: US economic conditions are good, job market remains a key issue

Federal Reserve Chairman Powell stated that the US economy is in good condition, but it is still uncertain whether the labor market has returned to normal recruitment levels. The increase in non-farm payrolls in the US in July was weak, with the unemployment rate rising for the fourth consecutive month to 4.3%. Powell believes that there are still issues with the labor market bubble, and whether it is entering a stable period or if the unemployment rate will rise is crucial. Futures contracts for September imply a possible rate cut of 25 basis points, or even 50 basis points. Powell stated that inflation is normalizing, but it is uncertain whether the environment of low hiring and low layoffs will continue. Business perceptions of opportunities may strengthen or weaken