Fed’s Harker: January jobs report didn’t change the outlook for monetary policy

Unlikely Fed to cut this year, but may taper in 202 if inflation starts to slow through the year to recover inflation 2D Expects US unemployment rate to reach .5 before cutting Expected increase in unemployment would not be a recession This is Harker’s stuff but some more strong data points could change his way. It’s the clearest layoff from the jobs report yet.

Michael Cooper

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