First Friday: Jerome Powell's Remarks at Jackson Hole
Afford Anything | Make Smart Money Choices · Paula Pant, Personal Finance Expert | Cumulus Podcast Network
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Show Notes
#640: The jobs report came out this morning and it was a painful one.
The US added only 22,000 new jobs in August, according to the latest BLS report.
And unemployment ticked up to 4.3%.
What does this mean?
Find out in today's First Friday episode!
Timestamps:
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(01:48) ADP vs BLS Jobs Data
(04:33) Mortgage Rates & Their Impact on Homebuyers and Sellers
(11:30) Fed Chair Jerome Powell’s Remarks
(12:54) The Fed’s Dual Mandate Explained
(15:58) The Fed’s Changing Approach to Unemployment
(18:13) Implications: Rate Cuts on the Table
For more information, visit the show notes at https://affordanything.com/episode640
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