We must be a little careful over-concluding about the jobs report
So far, his comments are focused on economic data, not the turmoil in markets.
The Fed does need to be forward-looking in setting policyIf you look at domestic purchases, the GDP was relatively stronger than we expectedWe’re going to get a lot of information between now and the next meetingThe international component of this is a factorIt’s the market to react and the Fed’s jobs to act, one of those has a lot more volatility than the otherAsked about emergency cut, says he can only speak for himselfEverything is always on the tableWe will respond to conditionsIf the economy deteriorates, we will fix it; the Fed will respond to conditions
This article was written by Adam Button at www.forexlive.com.
