Category: Fed039s
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Fed’s Goolsbee: This is a super jobs report
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The end of the port strike is another good news The Fed doesn’t want to interact too much with a single data point If we get more jobs reports like this, we will be more confident that we are stabilizing at full employment A strong jobs report likely means strong…
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Fed’s Goolsbee: Retailers stockpiled ahead of the dockworker strike
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A strike by dockworkers was expected, and retailers stocked up Retailers have about two weeks of extra inventory, and there will be an impact after that The dockers’ strike may have impacts on the supply chain, which could mean some price increases We have succeeded in reducing the inflation rate…
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Fed’s Goolsbee: Critical challenge is not letting things turn into something worse
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The critical challenge is: not to let things get worse. If you look at the beige book, you can’t look at it as exciting, on the contrary, it was a bit depressing. Points to warning signs about the economy You just want the prices to be that high as long…
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Fed’s Goolsbee: Jobs reports like this will give us confidence the economy not overheating
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The more jobs reports you get this way, the more confident we are that the economy isn’t overheating A bump in inflation hit at the beginning of the year The more we see jobs reports that look like pre-Covid, the more confidence there will be that the economy is not…