January 06, 2025 at 02:14PM
The labor market has cooled in the past year but remains solid
Risks to inflation and employment are roughly on balance
Labor market is not a source of inflation
I see private credit and AI among financial stability risks
The Fed can proceed more cautiously in cutting rates
These comments were released slightly early.
This article was written by Adam Button at www.forexlive.com.
Fed’s Cook: It will be appropriate to cut to neutral over time