Federal Reserve Bank Chairman Jerome Powell has called the US job market “unsustainably hot” and a key driver behind inflation rising to a 40-year high. Despite the overheated labor market, the number of US jobs remains more than 1 million below pre-pandemic levels.
Federal Reserve Bank Chairman Jerome Powell has called the US job market “unsustainably hot” and a key driver behind inflation rising to a 40-year high. Despite the overheated labor market, the number of US jobs remains more than 1 million below pre-pandemic levels.