Higher inflation could prove more persistent than the U.S. central bank previously indicated
The number of available jobs at the end of May rose to 9.21 million
Powell's comments come as financial markets struggle to interpret the Fed’s recent moves
The Federal Reserve may act sooner than planned to start dialing back low-interest rate policies
Escalating inflation has intensified pressure on the central bank
The number of weekly applications for jobless aid has fallen by more than half since January
U.S. unemployment aid fell to a new pandemic low of 444,000 last week
The recovery of America's job market hit a pause last month
The quickening pace of growth has raised fears among some analysts that inflation could rise uncomfortably quickly
Unemployment aid applications in the U.S. fell to 547,000 last week