Marketplace All-in-One Does the Fed now have a "dueling mandate"?
Nov 14, 2025
Join economist Diane Swonk from KPMG as she explores the Federal Reserve's challenging position amid rising inflation and a slowing job market. She reveals the potential for a 'dueling mandate' where conflicting pressures may impact rate decisions. Meanwhile, Michael Chui, a senior fellow at QuantumBlack, shares intriguing insights on corporate AI adoption, noting that while nearly 90% of companies use AI, many are still in pilot phases. He emphasizes the importance of redesigning workflows for growth and addressing the human impact of automation.
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Tariff Changes For Latin American Food Imports
- The administration plans to remove reciprocal tariffs on some food imports from Latin America.
- Tariff reductions may lower prices if retailers pass through savings, but beef imports remain limited by trade terms.
Fed Faces A 'Dueling Mandate'
- Diane Swonk says the Fed faces rising inflation and a weakening labor market at the same time.
- She calls this a 'dueling mandate' that complicates decisions on rate cuts.
Wait For Clearer Data Before Cutting Rates
- Many at the Fed prefer waiting for clearer data and may delay cuts until January.
- Waiting reduces the risk of triggering a sustained bout of inflation according to Swonk.