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What are the risks to the labor market after Powell's speech amid inflation concerns?

Federal Reserve Chairman Jerome Powell received a standing ovation in Jackson Hole, Wyoming, on Friday. Powell said the central bank could soon resume cutting interest rates.

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Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Scott Simon is one of America's most admired writers and broadcasters. He is the host of Weekend Edition Saturday and is one of the hosts of NPR's morning news podcast Up First. He has reported from all fifty states, five continents, and ten wars, from El Salvador to Sarajevo to Afghanistan and Iraq. His books have chronicled character and characters, in war and peace, sports and art, tragedy and comedy.
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