We think that demand is moderated. Were not sure there is a great deal of money the market is very hot there are many, many job openings you think if the economy should be doing well in the second half of the year. You do see a marked slowing that is fairly broad. Well be watching that we want to see demand for a sustained period to create slack and give inflation a chance to come down. Nicole . Hi, chairman. Nicole, cnn business when does the committee expect to see a meaningful slowdown in the labor market and how much weakness with regard to slower job growth and hiring employment before it pauses or thinks about cutting rates. I think youve seen in the labor market what youve seen as a decline from very high levels of job creation last year and earlier. Job creation quite robust. Youre seeing some increase i would say also, anecdotally you hear the sort of level of concern on the part of businesses they simply cant find workers is probably down a little bit from what it was, for ex
command, on labor market, on on demand, on labor market, on inflation, is and we re going on the watching what that is the and watching inflation and the labor market. so we ll be watching all those things and, of course, we will, we will eventually get to the tighten up policy, we ll find ourselves atta place. at that place. reporter: hi, chair powell. kyle campbell with american banker. had a aing questions a couple questions about the balance sheet. first of all, i m curious at what point the financial support that the fed is extended through concern extending through the discount window and its enhanced lending facility might be at odds with the objective of recuesing the balance sheet, and i m also curious what your thoughts are on not just the availability of reservings or reserves, but the contribution the of them throughout the banking system distribution of them throughout the banking system and at what buoyant you may be worried about them being scarce.