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Unusual Whales Pod Ep 17: First FOMC of 2023, Powell and disinflation, and the January 25 bps rate hike with experts

Unusual Whales

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The Fed's Dual Mandatory

For December, unemployment came in at 3.5% and core inflation was 3.6%. The Fed has this dual mandate to balance employment and inflation off the backs of interest rate and monetary policy decisions. I think a lot of the time, the Fed isn't fully honest about what that job entails, you know, or about the trade-offs that matter for this that job.

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