Marketplace All-in-One Too little, too late?
Nov 19, 2025
Heather Long, the Chief Economist at Navy Federal Credit Union, dives into labor market data and its implications for monetary policy. She discusses the potential delays in the Fed's decision-making due to missing job statistics. The conversation touches on how tech giants are raising debt to fund AI initiatives and the resulting economic risks. Additionally, there's insight into the impact of climate change on farming and how U.S. farmers are reacting to China's recent soybean purchases amidst fluctuating market conditions.
AI Snips
Chapters
Transcript
Episode notes
Data Fog Complicates Fed Timing
- The BLS delays widen a data fog that complicates Fed policy decisions.
- Heather Long says missing reports make a December rate cut less urgent and a 'skip' likelier than a 'pause'.
Skip Versus Pause For The Fed
- A 'skip' is more plausible than a long 'pause' because a pause implies a big mindset shift.
- Heather Long expects the Fed to hold for more data rather than signal a policy U-turn.
Dissent Signals Bigger Fed Debate
- Fed dissent is increasing and healthy, signaling internal debate over near-term policy.
- Long notes political dynamics mean either way the White House benefits in 2026 depending on economic outcomes.