Powell just acknowledged what markets have been sensing: the Fed's committee is unanimous that inflation remains uncomfortably elevated. Meanwhile, labor conditions? They've clearly cooled off. The interesting part? He noted disagreements within the FOMC are exactly what you'd expect at this juncture—basically saying policy debates are heating up as data gets messier.
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AlwaysMissingTops
· 12h ago
No, inflation is still high, the labor market has cooled down, and the FOMC is arguing among itself... These data are really confusing.
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WagmiAnon
· 22h ago
Inflation is still high, but employment is cooling down. Is this contradictory? Just listen to it. When the data is chaotic, it's easiest to shift blame.
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SchrodingerAirdrop
· 23h ago
Implying inflation is still a hot potato, with the labor market cooling down and divided opinions within the FOMC... Isn't this a typical case of "talking past each other"?
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DevChive
· 23h ago
Hawkish vs dovish is about to start arguing again. The more chaotic the data, the greater their disagreements, which is the beginning of internal conflict within the central bank.
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BridgeJumper
· 23h ago
Hawks vs. Doves are tearing each other apart; with this chaotic data, no one can say for sure anymore.
Powell just acknowledged what markets have been sensing: the Fed's committee is unanimous that inflation remains uncomfortably elevated. Meanwhile, labor conditions? They've clearly cooled off. The interesting part? He noted disagreements within the FOMC are exactly what you'd expect at this juncture—basically saying policy debates are heating up as data gets messier.