Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio 'Labor weakness still beats inflation increases'
Published 3 months ago
Description
Federal Reserve Chair Powell reiterated that labor market concerns dominate inflation concerns in current policy. The lack of a functioning US federal government means this economic analysis depends on dubious quality data—private sector polls and potentially distorted anecdotal evidence—but Powell has shown a willingness to depend on such data in making past policy decisions.