Powell: There is a gradual cooling in the labor market but we’re not there yet

  • Highlights lower quits and falling job openings as signs of looser labor market
  • Still significant labor market shortages
  • The dollar’s status as the global reserve currency is very important
  • We should focus heavily on inflation goal as we are far from that goal now
  • Housing prices have flattened a lot
  • We need to get inflation back to where people don’t even need to think about it

This article was written by Adam Button at www.forexlive.com. Source