Powell: Recent strong employment data may be slightly 'exaggerated'

Powell said at the interest rate press conference that overall, a wide range of indicators show that the labor market has returned to the level before the outbreak, that is, relatively tight but not overheated. Members of the Federal Open Market Committee (FOMC) of the Federal Reserve expect the labor market to continue to strengthen. However, Powell said in his speech that the recent strong employment data may be slightly "exaggerated" and hinted that the benchmark data may be revised.