The Kappers Klaptrap goes on
Looking for a healthy margin above 80-125k to give confidence in removing slack in the economy
Needs to see more information to see how slower GDP reconciled with strong jobs growth
Need to be patient and cautious in removing accommodation in light of global risks
Will continue to assess progress on Fed's dual mandate
- Mon pol operates with a lag and we need to balance progress towards 2% inflation target and time of policy adjustment
Where to start with this one?
The jobs market is running at an average of something like 200/220k, how much margin does he want?
If he waits too long to reconcile GDP to jobs, he'll hit the point where jobs naturally stabilise and will lose strength
Didn't the Fed just say that global risks had diminished?
The Fed have never been closer to their mandate
It's the Fed that has been acting with a lag as they are too scared to normalise rates
