Fed Chair Powell (Q&A) says January jobs report was a positive surprise, February was a negative surprise; need to take them both together
Importance
Level 1
- Committee is concerned about very low job creation
- Effectively there is zero net job growth in the private sector, but that seems what the economy needs
- We have a zero employment growth equilibrium, is balanced, but has a feel of downside risks
- Fed is concerned about it, and is watching carefully, could be a result of deliberate policy on immigration
#UNITED STATES#USD#JAPAN#UNITED KINGDOM#IMPORTANT#FOREX#FIXED INCOME#US SESSION#FEDERAL RESERVE#CENTRAL BANK#DXY