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Fed chief Powell says a frail U.S. labor market has stabilized. Low jobless claims back him up.
MarketWatch· 2026-01-29 14:03
Core Viewpoint - The U.S. jobs market appears to have stabilized, supporting the Federal Reserve's decision to maintain current interest rates [1] Group 1: Job Market Stability - Federal Reserve Chairman Jerome Powell indicated that the jobs market has shown signs of stabilization after a disappointing performance last year [1] - The latest jobless claims report aligns with Powell's assertion regarding the stabilization of the job market [1]