As Federal Reserve Chair Jerome Powell looks forward to four more years at the helm of the world’s most powerful central bank, attention is turning to the increasing likelihood he and his fellow policymakers will wean the U.S. economy off emergency support faster in the face of high inflation and strong job gains
All signs point to that approach being firmly on the table, with economic data earlier on Wednesday showing the number of Americans filing new claims for unemployment benefits https://www.reuters.com/markets/us/us-weekly-jobless-claims-drop-51-year-low-q3-growth-revised-slightly-up-2021-11-24 last week fell to the lowest level since 1969, and one of the U.S. central bank’s most cautious policymakers saying she is open to a quicker removal of stimulus in the face of “eye-popping” inflation… This story appeared on investing.com
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