Fed’s Goolsbee: Jobs reports like this will give us confidence the economy not overheating Adam Button Forexlive RSS Breaking CentralBanks Feed

The more jobs reports you get like this, the more confident we can be the economy isn’t overheatingHit a bump in inflation at the start of the yearThe more we see jobs reports that look like pre-covid, the more confidence that there is that the economy is not overheatingThe Fed must get comfort that recent inflation is not a sign of re-accelerationWhat happened in the jobs market this year has to be reset based on estimates of higher immigration but we’re still trying to analyze thatWe have some cross-currents, there’s no question about thatAre we on the long arc of last year where we saw inflation steadily coming down or some different environment?If we remain this restrictive for too long, we’re definitely going to he have to be thinking about the employment side of the mandateManufacturing business contacts indicate ‘more of the same’ in a decent environmentWe don’t hear much input about supply chain bottlenecks anymoreWe didn’t have an advanced look at the jobs numbers

He didn’t offer much here and the market didn’t react to his comments.

This article was written by Adam Button at www.forexlive.com.The more jobs reports you get like this, the more confident we can be the economy isn’t overheatingHit a bump in inflation at the start of the yearThe more we see jobs reports that look like pre-covid, the more confidence that there is that the economy is not overheatingThe Fed must get comfort that recent inflation is not a sign of re-accelerationWhat happened in the jobs market this year has to be reset based on estimates of higher immigration but we’re still trying to analyze thatWe have some cross-currents, there’s no question about thatAre we on the long arc of last year where we saw inflation steadily coming down or some different environment?If we remain this restrictive for too long, we’re definitely going to he have to be thinking about the employment side of the mandateManufacturing business contacts indicate ‘more of the same’ in a decent environmentWe don’t hear much input about supply chain bottlenecks anymoreWe didn’t have an advanced look at the jobs numbersHe didn’t offer much here and the market didn’t react to his comments.

This article was written by Adam Button at www.forexlive.com.  Read MoreCentral Banks 

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