Reported 1 day ago
The Federal Reserve's recent decision to hold interest rates steady has come under scrutiny following disappointing July job reports that revealed only 73,000 jobs were added, far short of what is needed for population growth. Fed Chair Jerome Powell's assertion of a 'solid' labor market has been challenged by dissenting voices within the Fed, highlighting growing concerns about job market fragility. Despite the negative data, some officials, like Cleveland Fed President Beth Hammack, maintain confidence in the Fed's decision, signaling that it may be premature to determine if a significant error has been made.
Source: YAHOO