Neel Kashkari on the Fed’s Quest To Get To Full Employment
Odd Lots
English - August 16, 2021 08:00 - 50 minutes - ★★★★ - 614 ratingsInvesting Business News News Commentary business entrepreneurship interview leadership finance health entrepreneur fitness marketing productivity Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The last two jobs reports have been strong, but the unemployment rate remains over 5%. And by some estimates, the economy is still 8 million jobs shy of where it would have been had it not been for the crisis. So when will the Fed declare "victory" in hitting its employment mandate? It's a question that's been complicated by the recent rise in inflation. On this episode, we speak with Neel Kashkari, the President of the Minneapolis Fed, a longtime proponent of pushing for a strong labor market. He explains what he's looking for, and how the labor market situation meshes with both the inflation situation and the Fed's new framework unveiled last year at Jackson Hole.
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The last two jobs reports have been strong, but the unemployment rate remains over 5%. And by some estimates, the economy is still 8 million jobs shy of where it would have been had it not been for the crisis. So when will the Fed declare "victory" in hitting its employment mandate? It's a question that's been complicated by the recent rise in inflation. On this episode, we speak with Neel Kashkari, the President of the Minneapolis Fed, a longtime proponent of pushing for a strong labor market. He explains what he's looking for, and how the labor market situation meshes with both the inflation situation and the Fed's new framework unveiled last year at Jackson Hole.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com