Federal Reserve Chair Jerome Powell said Wednesday that maintaining "patiently accommodative monetary policy" will be important to returning to a strong labor market but argued more needs to be done.
Powell cautioned during remarks at a virtual Economic Club of New York event that the U.S. is still "very far" from a strong labor market despite the recovery seen since the early days of the coronavirus pandemic.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.