Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Cares About People Giving Up on Jobs
On Episode 91 of The Federal Reserve Podcast with Fexingo, Lucas and Luna drill into the one labor market number that might matter more than the headline payrolls miss: the labor force participation rate falling to its lowest in 50 years outside of COVID. They connect the July 2 jobs report — just 57,000 new jobs and unemployment at 4.2% — to the Fed's preference cascade theory of inflation, and ask whether a shrinking workforce is giving the central bank cover to hold rates steady. Specific numbers include the participation rate drop, the Fed funds rate at 3.63%, and what the 10-year…
The skinny
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