• Supported the recent Fed rate cut given risks to Fed mandates
  • Modestly restrictive monetary policy appropriate due to inflation
  • While inflation threat remains, upside risks to price pressures have waned
  • I can't rule out worse outlooks for inflation, job market
  • Baseline outlook is relatively benign
  • I expect hiring to rebound once firms acclimate to tariffs
  • Inflation elevated into next year, then should ease
  • Risk labor demand could ebb and push up unemployment
  • Economic growth has been resilient amid a softer job market
  • It may be appropriate to ease a bit further in 2025
Source: Investing Live