Jobs data consistent with a cooling economySays he would like to see the jobs data more closelyMore focus now on balancing Fed’s jobs and inflation mandatesElections don’t make the Fed’s job more difficultIndependent central banks achieve goals betterWe’re moving in the right direction on 2% inflation but not there yetPath on rate cuts will be driven by dataLowering rates is about helping to keep the job market in balance
There isn’t much of a signal here.
This article was written by Adam Button at www.forexlive.com.
