Answers questions in NY

  • Let's see what data show before Decembe decision
  • It's important that Fed keep economy on an even keel
  • There are limits to what monetary policy can do
  • Jobs market is more slack than what the unemployment rate suggests
  • Fed probably wants to see a bit more wage inflation
  • Wage inflation has to be supported by productivity gain
  • Labor immobility is a disturbing trend
  • Monetary policy cannot solve mobility problems.
  • Lower inflation expectation decline a little concerning