"The Fed is Trapped:" Why Inflation & Labor Conditions are Hard to Navigate
Schwab Network · Schwab Network
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Show Notes
The Fed keeping interest rates the same was the "easy way out," says Michael Green. There's many economic puzzle pieces at play that he believes cloud the Fed's view on where to take rates next. For one, Michael points to a contracting labor market keeping job availability restricted. On the other hand, inflation is also complicating the "soft landing" picture. Michael also talks about why commentary for outlook will be critical for Fed chair Jerome Powell and his peers.
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