Fed’s Powell: ‘Still far from a strong job market’

FAN Editor

Federal Reserve Chair Powell, in prepared remarks to the Economic Club of New York, is warning the U.S. job market is fragile.

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Noting the economy is still far from a strong job market and that employment is still worse than at the worst point of the Great Recession.

He also cautions the unemployment rate, which dipped to 6.3% last month, should be closer to 10%.

Follow his presentation on FOXBusiness.com’s LIVE stream.

Powell will be taking questions in a session moderated by New York Federal Reserve President John Williams.

This is a developing story. Please check back for updates.

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