Fed Chair Powell: Jobs Report ‘Good,’ Low Rates to Stay

Fed Chair Powell: Jobs Report ‘Good,’ Low Rates to Stay
Federal Reserve Chairman Jerome Powell, wearing a face mask, on Capitol Hill in Washington, on June 30, 2020. Tasos Katopodis/Pool via Reuters
Reuters
Updated:

Federal Reserve Chair Jerome Powell on Friday said the U.S. jobs report for August was “a good one,” but signaled the central bank will keep monetary policy ultra-accommodative for years to support recovery from the coronavirus crisis and recession.

“I would say today’s jobs report was a good one,” Powell told National Public Radio in an interview. But, he also said, it will get harder from here.