Fed Watching Jobs, but Must Wait for Wages: Rattner

The transcript discusses the US economy, focusing on job numbers and labor market trends. It highlights the muted effect of job growth on wages and the Federal Reserve's cautious approach to monetary policy. The conversation also touches on the importance of global economic conditions in shaping the Fed's decisions, emphasizing the need for wage growth before tightening policies.

What is the significance of the labor market data according to the speaker?

• It only affects the manufacturing sector.

• It is one of the key factors for the Federal Reserve's decisions.

• It is not important for the Federal Reserve's decisions.

• It has no impact on wage growth.

Why does the speaker believe the jobs number might give a distorted picture?

• Because it only considers the finance sector.

• Because many jobs are low-wage positions for young people.

• Because it focuses on the manufacturing sector.

• Because it includes high-wage jobs.

Which sector has experienced the worst performance in terms of wages?

• Education

• Finance

• Manufacturing

• Healthcare

What is the speaker's view on the Federal Reserve's focus on global data?

• The Fed should consider both global and domestic data.

• The Fed's primary focus should be international markets.

• The Fed should ignore global data.

• The Fed should only focus on domestic data.

Why does the Federal Reserve need to consider the world economy?

• Because the US economy is stronger than the world economy.

• Because the US economy is completely independent.

• Because global economic collapse can affect the US.

• Because the world economy has no impact on the US.