Powell highlights risks in labor market and inflation as Fed weighs next moves

Core Viewpoint - Federal Reserve Chair Jerome Powell emphasized the challenging balancing act policymakers face regarding interest rates, highlighting the complexities posed by inflation and employment risks [1] Summary by Relevant Categories Interest Rates - Powell reiterated the difficulty in determining the appropriate path for interest rates due to the current economic conditions [1] Inflation Risks - The risks associated with inflation are significant, contributing to the challenging economic outlook [1] Employment Concerns - Employment risks also play a crucial role in shaping the Federal Reserve's decisions, complicating the overall economic landscape [1]