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FED'S POWELL: THE LABOR MARKET IS COMING INTO BETTER BALANCE.
FED'S POWELL: OUR ECONOMY HAS MADE CONSIDERABLE PROGRESS. CONTINUED STRONG JOB GAINS IN THE ECONOMY.
"We've seen [the labor market] gradually move back into much better balance between supply and demand," Fed Chair Powell says. "We're monitoring it carefully." https://t.co/dAdc2hvyfP
Federal Reserve Chair Powell notes that the labor market is improving with supply and demand balancing out. He highlights the strong job pace in April and May, low unemployment rate, and increased participation due to immigration. Powell emphasizes the economy's progress and continued job gains.