Questions whether Fed needs to respond soon given mixed data interpretation, asks how jobs report fits into rate cut debate.
speaker1
Julia Coronado
Jobs report shows structural reality: with no immigration and aging workforce, job growth needed to keep unemployment steady is very low. Unemployment rate has ticked lower recently, telling Fed not to hurry with easing.
Asks how many rate cuts she foresees, referencing David Einhorn's 'whole bunch' comment.
speaker3
Julia Coronado
'A whole bunch' not supported by data. Unemployment low, inflation ~3% in December, tariffs still to pass through. Looking at second half of year for maybe 1-2 cuts. Need economy 'going off rails' for many cuts.