Federal Reserve Chairman Jerome Powell provoked significant commentary this week with his remark that job gains might be overstated. Here’s what to know about what he said and what it could mean.
What he said
At a press conference Wednesday, Powell fielded a question about the health of the labor market. As part of his response, he said: “You’ve got strong job creation, you have payroll jobs still coming in strong, even though there’s an argument that they may be a bit overstated but still they’re strong.”
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