Preston Mui

With inflation risk still unresolved and the labor market still looking similar to how it did in the previous meeting, the Committee is still mostly in wait-and-see mode.

With inflation risk still unresolved and the labor market still looking similar to how it did in the previous meeting, the Committee is still mostly in wait-and-see mode. But Waller and Bowman will be ready to move.

Waller continued to advocate for a July cut this week, arguing that policy is "just too tight."

ICYMI: The Past, Present, And Future Of Macroeconomic Policy Overview Employ America was founded to advance the cause of full employment. In a full employment economy, jobs are plentiful, wage growth is strong, and opportunities expand to those typically left out of the workforce. Full employment is also critical to

On the whole, this is a good jobs report. It’s hard to find much fault with the data here, and it significantly diminishes the prospects of a July cut.

A light week of Fedspeak. We heard from Powell this week, who dodged a question about a July cut.

An eventful week of Fedspeak changes many of our views of where Committee members are.

Overview We originally launched Employ America to confront the policy failures that plagued the decade following the Global Financial Crisis of 2008 (GFC). The failure of our policymakers to support workers and sustain aggregate demand during and following recessions had been an enduring obstacle, not just during the GFC, but

In the days after the FOMC press conference, we have a couple of speakers talking about the possibility that they may need to move to protect the labor market.