Fed's Goolsbee: Jobs number were weaker than expected but not looking yet like recession

Fed's Goolsbee: Jobs number were weaker than expected but not looking yet like recession

FED'S GOOLSBEE: JOBS NUMBER WERE WEAKER THAN EXPECTED BUT NOT LOOKING YET LIKE RECESSION
— *Walter Bloomberg (@DeItaone) August 5, 2024

Added at 8:38am

FED'S GOOLSBEE: YOU ONLY WANT TO BE THAT RESTRICTIVE IF THERE IS FEAR OF OVERHEATING; DATA DOES NOT LOOK LIKE ECONOMY IS OVERHEATING

FED'S GOOLSBEE: FED HAS BEEN IN A RESTRICTIVE POSTURE - CNBC
— First Squawk (@FirstSquawk) August 5, 2024

Added at 8:38am

FED'S GOOLSBEE: WE MUST BE A LITTLE CAREFUL OVERCONCLUDING ABOUT THE JOBS REPORT.
— FinancialJuice (@financialjuice) August 5, 2024

Added at 8:38am

FED'S GOOLSBEE: ECONOMIC GROWTH CONTINUES AT A STEADY LEVEL.
— FinancialJuice (@financialjuice) August 5, 2024

Added at 8:40am

FED'S GOOLSBEE: ON THE OTHER SIDE, THE GDP NUMBER WAS A BIT STRONGER THAN EXPECTED.
— FinancialJuice (@financialjuice) August 5, 2024

this is the denial stage

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From @DeItaone|Aug 5, 2024|9 comments
post: FED'S GOOLSBEE: IF ECONOMY DETERIORATES, THE FED WILL FIX IT post: BREAKING: FED'S GOOLSBEE, WHEN ASKED ABOUT AN EMERGENCY CUT: EVERYTHING IS ALWAYS ON THE TABLE INCLUDING RAISES AND CUTS. post: FED'S GOOLSBEE: IF WE ARE NOT OVERHEATING, WE SHOULD NOT TIGHTEN OUR RESTRICTIVENESS IN REAL TERMS || SAYS WE SHOULD RESPOND TO CONDITIONS ON THE BROAD THROUGH LINE; INFLATION IS WAY DOWN AND EMPLOYMENT IS AT RELATIVELY DECENT SPOT post: FED'S GOOLSBEE: THE FED'S JOB IS NOT TO REACT TO ONE MONTH'S NUMBERS ON JOBS. post: FED'S GOOLSBEE: IF THE STOCK MARKET MOVES GIVES THE FED INDICATION OVER A LONGER-ARC THAT WE ARE LOOKING AT DECELERATION IN GROWTH, WE SHOULD REACT TO THAT.
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