News about Fed Chair

Pretty much a goldilocks job report. 175K jobs is respectable at any time and in the context of strong prior months so a ~250K monthly average even more so. Unemployment ticked up to 3.9%. Earnings growth slowed. Most reassuring data for the Fed in the last 2+ weeks. pic.twitter.com/5G1iCTy3Cz

Powell: "A couple tenths" of an increase in the unemployment rate doesn't count as an "unexpected weakening" in the labor market that would justify cuts.

Fed Chair Powell summary today: 1) A rate hike is very unlikely 2) His base case is to cut rates later this year, but it’s not a given 3) No sign of stagflation 4) 3% inflation is not acceptable #Fed #economy pic.twitter.com/s6UwoWoSuz

“I don’t see the stag or the ‘flation” - Fed Chair Powell sees no signs of stagflation He expresses surprise people are talking about it right now with strong growth and inflation at 3% pic.twitter.com/KqqlZOwXFT