Julie Su, US Acting Labor Secretary gives the Biden Administrations reaction to the August payrolls report. Randall Kroszner says we're seeing the kind of goldilocks scenario the Fed wants. Jeff Rosenberg says the main message from the August jobs report is that the labor market is normalizing. Sarah Hunt says the August jobs data was what the Fed was looking for.

Panel discussion with Raghuram Rajan, Charles Evans, and Randall Kroszner on central bank responsibilities, unintended consequences of monetary policy, implications of altering inflation targets, challenges faced by Chairman Powell, distinguishing actions for financial stability, and unconventional bank stress testing scenarios.