Economics
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
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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.”