The inflation spike is affecting consumers, the Biden administration and central banks
America's employers added a solid 531,000 jobs in October, the most since July of this year
Economic recovery from the pandemic is restrained in both economies, even with U.S. consumer spending rising healthily
The Fed chair signalled no imminent change to ultra-low interest rates
The increase has heightened concerns that the Fed might introduce rate hikes earlier than expected
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 number of weekly applications for jobless aid has fallen by more than half since January
Unemployment aid applications in the U.S. fell to 547,000 last week
In meeting minutes, the Federal Reserve gave no sign of ending bond purchases