Fed’s Jerome Powell Says U.S. Economy Is in “Good Shape”

Fed’s Jerome Powell Says U.S. Economy Is in “Good Shape”

Federal Reserve Chairman Jerome Powell delivered another upbeat assessment of the U.S. economy, stating the economy is in “good shape, and the October employment rate is very strong.” The report showed robust hiring and low unemployment last month, while average hourly earnings rose 3.1% from a year earlier, the biggest year-over-year gain since 2009.

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