Reported 2 days ago
Former Federal Reserve governor Randy Kroszner discusses how stronger-than-expected job figures from September could affect future interest rate cuts by the Fed. He suggests that if the robust labor market continues, the Fed may reconsider additional cuts, especially if wage growth keeps inflationary pressures high. Kroszner highlights the delicate balance the Fed must maintain between fostering wage growth while aiming to bring inflation down to their target of 2%.
Source: YAHOO