Surveillance: US Payrolls Surprise
Bloomberg Surveillance
00:00
Are You an Optimist About Productivity Growth?
The Fed still has more work to do than the markets. Milton Friedman taught us years ago about long and variable lags of monetary policy. So there's reason for it to be cautious, as that you suggest. That said, there's a lot of momentum in the economy ... The way to tighten financial conditions is totight financial conditions.
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