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US Labor Chief Says Jobs Market Can Withstand Fed Rate Hikes

  • Labor Secretary Marty Walsh says US will keep adding jobs
  • Walsh spoke after the August payrolls report was released
Bloomberg business news
U.S. Secretary of Labor Marty Walsh discusses the August employment report and Federal Reserve policy with Jonathan Ferro on “Bloomberg The Open.”Source: Bloomberg

US Labor Secretary Marty Walsh said he’s confident that the demand for workers is strong enough to withstand the Federal Reserve’s attempts to cool the economy. 

When asked whether higher unemployment is a good trade-off for bringing down inflation, Walsh answered that “I don’t think that’ll be the case here.”