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Jul 11, 2019

Low unemployment does not a “hot” job market make

Fed Chair Jerome Powell says the “hot” job market is showing little heat. A defense contractor cancels plans to shut down a plant at Trump’s urging. A soon-to-be college graduate who is undocumented faces uncertain job prospects.

Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on Capitol Hill on July 10, 2019 in Washington, DC.
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on Capitol Hill on July 10, 2019 in Washington, DC.
Zach Gibson/Getty Images

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