Fed chief says 'all is not well' in otherwise healthy US economy
Unemployment rate is near a 50-year low, but over 5% of workers have to hold multiple jobs and earnings are rising at a rate of 3% a year, just ahead of inflation
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
THE United States has seen steady job gains that have beat expectations and lasted longer than expected, but Federal Reserve chairman Jerome Powell acknowledged on Wednesday that all is not well.
Wage gains have remained sluggish, while Americans lag workers in other advanced economies in education and skills, the amount of people in the workforce and the cost of healthcare, he told senators.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
