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Fed's Cook: Labor market is very strong
Added at 10:37am
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Fed’s Cook:
— *seven (@sevenloI) October 14, 2022
- Labor Market Is Very Strong
- Inflation Remains Stubbornly and Unaccepatbly High
- Core Inflation Has Been Surprisingly Strong
- Bottlenecks Easing, Ex-Gas Prices Still Rising Rapidly
- Broad Inflation Pressures Suggest Economy Is Very Tight
Added at 10:39am
Added at 10:42am
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Fed’s Cook:
— *seven (@sevenloI) October 14, 2022
- At Some Point, Appropriate to Slow Pace of Rate Hikes
- It Is Always a Balancing Act With the Fed’s Dual Mandate
- Fed’s Rate Increases Aimed to Do Something Now so We Don’t Have To Do More Later
- Don’t Want Stop And Go Policy
- We Are Committed to Price Stability