Opinion: Powell Highlights Downside Risks in the Labor Market as Friday’s Nonfarm Payrolls Draw Renewed Attention

According to a report by Jinse Finance, foreign media sources indicate that although the U.S. Department of Commerce's GDP report released on Wednesday showed a cooling of economic activity in the first half of this year, Federal Reserve Chairman Jerome Powell explained that the decision to keep interest rates unchanged was due to a robust labor market and inflation remaining above target. However, he also pointed out downside risks in the labor market, making the U.S. Department of Labor's non-farm payroll report, to be released on Friday, a focal point.