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Federal Reserve Chair Jerome Powell emphasizes the need to monitor inflation closely due to rising energy prices from the Iran conflict, warning that back-to-back shocks could prolong inflation. He also highlights the challenging job market for new graduates, with low hiring and AI taking entry-level jobs. Despite these challenges, Powell remains optimistic about the long-term benefits of technology and urges graduates to adapt and be patient. Amidst political pressure and rising gas prices, Powell stresses the importance of maintaining Fed independence for economic stability.
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Canada News Today | 2 Min News | The Daily News Now!

Canada News Today | 2 Min News | The Daily News Now!

Canada News Today | 2 Min News | The Daily News Now!