"While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses," Powell said. "These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain." / Getty Images)
"My current view is that it will be necessary to move the fed funds rate up to somewhat above 4% by early next year and hold it there," Mester said Wednesday in remarks prepared for an event organized by the Dayton Area Chamber of Commerce. "I do not anticipate the Fed cutting the fed funds rate target next year."
For months, the labor market has remained one of the few bright spots in the economy, with the economy adding more than 2 million jobs over the first half of the year. And earlier this week, the government reported that job openings climbed past 11.2 million — meaning there are roughly two available jobs per worker.
Source: News Formal (newsformal.com)
Biden can't stop winning
People appear to have Trump syndrome. Dems never accept accountability for their mistakes. They’re always looking to blame someone else. The economy was at its best when Trump was in office.
Last months numbers revised down by 107,000 of course.
Boom, again. Democrats create jobs.
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