Lonski: "Near Disappearance" of Jobs Growth Needs to be Fed's No. 1 Priority
Description
Immediately following the FOMC's decision to cut interest rates by 25bps, John Lonski turns to the Fed's path forward. He points to a "near disappearance" of jobs growth as a critical focus for the committee in the coming months. He adds that weakness in the labor market can create more cracks in the inflation picture, believing more rate cuts are warranted.
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