Why Some Fed Presidents Still Want to See Rate Hikes

The transcript discusses the market's reaction to recent economic data, particularly focusing on the Fed's potential rate increases and the perspectives of Fed officials like Loretta Mester and Eric Rosengren. It highlights the volatility in the labor market and compares it to historical economic fluctuations. The discussion also covers the Fed's decision-making process amid uncertainties like Brexit and the importance of communication to manage market expectations. The challenges faced by the Fed in analyzing economic data and the pressure from market expectations are also explored.

What was the reaction to the numbers observed at 8:30?

What are the differing perspectives of the Cleveland Fed's Loretta Mester and Boston Fed's Eric Rosen?

What does the decline in the number of discouraged workers indicate about the economy?

How does the volatility in job numbers from the 1990s compare to the current economic situation?

What factors might influence Janet Yellen's decision regarding interest rates?