The Federal Reserve is unsure when to alter its monetary policies as the labor market remains challenging to predict. Fed Chairman Jerome Powell says that the central bank could cut back on its $120 billion in monthly bond purchases, signaling an end of “crisis era” economic interventions that started in April 2020. However, job growth is not as robust as analysts once believed, giving the Fed and industry experts pause. Yale School of Management professor William English summed it up best, “they will want more data, and if it is disappointing, they conceivably end up waiting.”
