Fed Stuck as Jobs Slip and Inflation Rises
In an interview with @nytimes, @Austan_Goolsbee describes February's jobs report as a "tough" one, although he stressed the importance of not overreacting to one month of data. He conceded that the combination of a weakening labor market and higher inflation risks (potentially stemming from the Middle East conflict) put the Fed in a bind: "If the job market is getting worse and inflation is getting worse at the same time, it's not obvious to me what the immediate response should be"
February Jobs Data Deepens Fed Split over Rates
February's jobs report will certainly stoke divisions at the Fed. Some officials are highly concerned about the health of the labor market and willing to cut rates to support it. Others seem more attuned to the risk posed by inflation,...
Fed Likely to Hold Rates, May Tighten if Inflation Persists
NEW: Beth Hammack of @ClevelandFed tells @nytimes that with inflation too high and rates at neutral, the Fed should be on hold for "quite some time." The next move may also not necessarily be down: "If we don’t see inflation...
Waller Doubts AI Fuels Current Productivity Surge
Waller on Monday pushes back on the idea that the ongoing productivity boom is currently being driven by AI. "A.I. at some point will clearly kick in down the road, but I don't think it's going to be in the...
Waller Open to Steady Rates in March if Labor Stabilizes
Waller, a Fed governor who dissented against January's rate cut pause, said he is open to holding rates steady in March if the labor market continues to stabilize. He also doesn't expect the Supreme Court ruling to impact his rate...
