Federal Reserve Chair Jerome Powell’s comments on unemployment may hint at a dovish bias among top officials at the central bank, even though rates are presumed to be on hold for a while. “What we have learned and what we continue to learn is that the U.S. economy can operate at a much lower level of unemployment than many would have thought,” he told Democratic Representative Carolyn Maloney, who made the topic a centerpiece of her opening remarks in Wednesday’s Joint Economic Committee hearing in Washington. It reinforces a theme that Powell and other Fed officials have been discussing publicly this year: They ... (full story)