Surveillance: Jobs Figures with Hollenhorst
Bloomberg Surveillance
00:00
The Fed's Lagged Policymaking on the Labor Market
The Fed is making policy now, looking at data that is going to depend on their lagged policymaking. And I think the bank issue, the credit tightening, that's something that probably still is going to be working its way through the economy and slowing things down. But if the Fed is looking to loosen the labor market, we're just really not seeing that in the data.
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