Fed chair Jerome Powell wants to see fewer US job openings ...Middle East

Quartz - Economy
Fed chair Jerome Powell wants to see fewer US job openings
source : Quartz ( Middle East ) () 22
US Federal Reserve chair Jerome Powell has a succinct answer to the perplexing question of how to curb inflation without sending the economy into a recession: reduce job openings.When asked how confident he was that the Fed could slow demand without causing a recession, Powell pointed to the job market, which is the tightest it’s been in decades as the economy recovers.“There’s a path by which we would be able to moderate demand in the labor market and have vacancies go down without having unemployment going up,” Powell said on Wednesday, after the Fed’s open market committee two-day meeting.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism

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