Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Hidden Cost of Low Jobless Claims
With weekly jobless claims hitting levels not seen since the 1960s, the labor market appears incredibly tight. But this extreme resilience is creating a specific inflationary pressure that the Federal Reserve must navigate. We examine how record-low firing rates are keeping wages elevated and forcing the central bank to maintain restrictive policy despite softening headline inflation. This episode explores the mechanics behind the September jobs data and why the Fed's next move depends less on growth and more on this stubborn labor dynamic.
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