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Federal Reserve Chair Jerome Powell said recent U.S. economic data largely matched policymakers’ projections, with both gross domestic product and the PDFP metric coming in "right about" where officials had anticipated. Powell cautioned, however, that GDP remains difficult to interpret because sharp swings in net exports continue to distort the headline figure. He added that private-sector job creation eased "a bit" in the latest report, though by many measures the overall labor market "is still in balance."
Fed’s Powell: GDP Was Right In Line With What We Expected, But Still Difficult To Interpret Because Of Net Exports Swings
Powell Says GDP Met Forecasts but Is Difficult to Interpret Due To Export Fluctuations; Private Sector Job Growth Slightly Slowed 📉📊
Fed's Powell: Private sector job creation in last report had come down a bit.
