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Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

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The Labor Market Unemployment Rate Is Lagging

The labor market unemployment rate is lagging, but things are not as bad as you say. We have to bear in mind that certain metrics have not fully recovered from when the pandemic hit. You have a steady rise in working-age people north of 55 years old who are coming back into the workforce. That doesn't make them any lower than they were in 2019.

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