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Fed Chair Jerome Powell says immigration surge boosted unemployment rate

Approved, Fox Business, National / September 20, 2024 / Immigration, Powell, UNEMPLOYMENT

Federal Reserve Chair Jerome Powell said Wednesday that immigration is helping push the unemployment rate higher as they enter the labor force and look for jobs.

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Fed Chair Powell signals rate cuts as stocks test record highs

National, Approved, The Street / August 23, 2024 / Economy, Powell

U.S. stocks moved firmly higher in early Friday trading, while Treasury yields and the dollar were largely unchanged, as investors reacted to a key speech from Federal Reserve Chairman Jerome Powell that could clarify the central bank’s plans for autumn rate cuts.

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