Economists have forecast that job growth reached 182,000 last month
Federal Reserve Chairman Jerome Powell said Thursday that inflation could temporarily rise as the U.S. economy reopens from the coronavirus-induced shutdowns.
The Labor Department will report its tally of new claims for unemployment benefits
Thursday's event will be Powell's last outing before the Fed's policy-making committee convenes March 16-17
Powell is due to speak Thursday at 12:05 p.m. EST
Full recap of Fed Chair Powell's second day of testimony on the U.S. economy.
Highlights from Fed Chair Powell's remarks on the US economy.
Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy remains in the throes of the coronavirus pandemic, telling Congress during his semi-annual testimony that the outlook is "highly uncertain."
The Fed signals the ongoing public health crisis is still posing "considerable risks" to the economy.
Federal Reserve Chair Powell warned the U.S. job market is fragile and the employment picture is worse than at the worst point of the Great Recession.
The Fed chair said that activity is at its highest level since before the financial crisis.
The Federal Reserve said during its first meeting of the year on Wednesday that it would leave interest rates near zero.
Fed Chair Jerome Powell said on Jan. 14 it is too early for the central bank to discuss changing its monthly bond purchases
The Fed spent 2020 combating the economic fallout of the coronavirus pandemic with interest-rate cuts, bond purchases and emergency lending programs.
Federal Reserve Chairman Jerome Powell said Thursday the U.S. economy could return to a pre-coronavirus pandemic level "fairly soon" thanks to a torrent of monetary and fiscal aid over the past year.
The central bank is making the monthly bond buys to provide further help to an economy
Homebuilders are blown away by the housing market's strength.
The U.S. central bank, as widely expected, held the benchmark federal funds rate at a range between 0% and 0.25%, where it has been since mid-March.
Fed Chair Powell wraps up a historical 2020 for policymakers.
Fed officials at the median saw the economy growing 4% next year and the unemployment rate falling to 5.5%. Analysts expect both figures to be upgraded