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Fed's Powell says "hot" labor market is overhyped

CBS News Wednesday, 10 July 2019 ()
The nation's central bank chief threw cold water on the idea that the current job market is the "strongest ever"
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News video: Here's What to Know on Fed's Powell's Two Days With Congress

Here's What to Know on Fed's Powell's Two Days With Congress 01:43

Jerome Powell, chairman of the Federal Reserve can breath a sigh of relief now that he's finished answered pressing questions from Congress. But the market can breath, too, because it looks like it will get its rate cut. Here's what Powell said over the two days, and what the market implied actions...

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Powell speech: Fed has no evidence for calling this a hot labor market

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