With many on Wall Street optimistic about an interest rate cut after commentary from Federal Reserve Chair Jerome Powell earlier on Friday, many have begun...
earlier on Friday, many have begun to argue how much the Fed will cut and what will impact the Fed's decision more, inflation or labor.
Powell also vocalizing the ample room, the Federal Reserve has to respond to potential economic risks. And I'm curious in your view if we see that come in below expectations, is that going to set off a panic button among FO MC members that maybe were thinking in their heads, they wanted a 25 basis point cut that we could potentially see 50 I don't know if we will send off a panic button, but it would clearly support the fed going a little bit more aggressively, uh, in September, I mean, the fed is arguably maybe a little bit behind the curve and to get caught up if we do, in fact, have a...
I mean, if you already look at the, the PC deflator, which that's the fed's preferred measure, it's within spitting distance of their target.The full employment part of their mandate is because if this, you know, soft landing is going to occur, they got to make sure that some of the fish that we've seen in the labor market don't turn into anything worse.I thought it was interesting today, some commentary from Krishna Guha, the vice chair over at evercore.
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