Pawson: Focus on employment risks, monetary policy remains restrictive

ChainCatcher reports that, according to Jin10, Philadelphia Federal Reserve Chair Powell stated that her current primary focus is on the state of the labor market, and she believes that the current monetary policy stance should help bring inflation back to the 2% target. She is slightly more concerned about the weakness in the labor market than about upside risks to inflation, and she pointed out that as the impact of tariffs gradually diminishes next year, inflation could gradually decline. Powell emphasized that monetary policy remains somewhat restrictive, and the cumulative effects of past tightening policies will help inflation return to the target.