Reported 18 days ago
Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, describes the current labor market as 'pretty healthy' despite a slowdown in hiring as the economy normalizes post-pandemic. He emphasizes that while the unemployment rate is stable, widespread firings have not materialized, and he reassures that the Fed remains focused on economic data rather than political influences ahead of the 2024 presidential election.
Source: YAHOO