EPISODE · Oct 4, 2022 · 5 MIN
Why The Fed Wants a Weaker Jobs Market
from Let's Appreciate · host Kyla Scanlon
Today we got the latest JOLTS report - Job openings fell 1.1 million in August to 10.1 million. The drop in job openings last month (-1,117,000) is larger than the drop in job openings in March 2020 (-1,087,000). However, the Fed is unlikely to pivot - "Tighter monetary policy has begun to cool demand and reduce inflationary pressures, but our job is not yet done. It will take time, but I am fully confident we will return to a sustained period of price stability." Plain English with Derek: https://open.spotify.com/episode/4DnOt3A4utKROaLUClhW8y?si=CW_huqzwTiKXGof5YPWU8g
What this episode covers
Today we got the latest JOLTS report - Job openings fell 1.1 million in August to 10.1 million. The drop in job openings last month (-1,117,000) is larger than the drop in job openings in March 2020 (-1,087,000). However, the Fed is unlikely to pivot - "Tighter monetary policy has begun to cool demand and reduce inflationary pressures, but our job is not yet done. It will take time, but I am fully confident we will return to a sustained period of price stability." Plain English with Derek: https://open.spotify.com/episode/4DnOt3A4utKROaLUClhW8y?si=CW_huqzwTiKXGof5YPWU8g
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Why The Fed Wants a Weaker Jobs Market
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