People close to Donnie are now saying they had a “very successful” year in 2017, and were now looking forward to matters that could lead to “a very, very successful 2018.” This is great news. Happy New year, Kind regards and all the best.
Mester: The labor market is 'strong' and at 'maximum employment'
Despite a weaker than expected jobs report for December, the labor market overall is sound and near a peak, Cleveland Fed President Loretta Mester said Friday. Speaking the same day that the government reported that nonfarm payrolls rose by just 148,000 last month — compared to expectations of 190,000, the central bank official said one month's disappointment doesn't change the larger picture. "I think it's a strong report," Mester told CNBC in a live interview from Philadelphia. "I think we're basically at maximum employment from the view of monetary policy. But that doesn't mean it triggers a necessary ... (full story)