Is the Economy Really Strong?
Manage episode 412755731 series 3341576
The jobs report has been making waves, with 303,000 new jobs added.
Fed's mandate isn't just about job creation but a balance between inflation, price stability, and full employment.
Fed's moderate long-term interest rate mandate is at 2.5% of our GDP. It's a balancing act like no other, and the stakes couldn't be higher.
Cathie Wood expects by 2050, net interest could soar to a jaw-dropping 6% of our GDP. That is not sustainable!
Wage inflation dropped from 4.3% to 4.1% year-over-year and month-over-month.
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