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Surveillance: Fed's Pain Threshold with Misra

Bloomberg Surveillance

00:00

The Fed's Back Offset on the Labor Market

The risk is that you get this sort of snowballing effect in unemployment. It's very rare. You've seen prime age employment rates rise to cycle highs. That's never happened. Consumer attitudes about the labor market still very, very strong. So I think it's really hard to know X and D.

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