Top Fed officials unswayed by poor July jobs report, take wait-and-see approach to rate cuts | Crypto Craft

  • Top Fed officials unswayed by poor July jobs report, take wait-and-see approach to rate cuts

    From morningstar.com

    Several senior Federal Reserve officials on Friday characterized the labor market as "solid" even after a poor July jobs report, and appeared in no rush to lower U.S. interest rates. "I would say the state of the labor market is one ... I would describe as solid, but we're definitely seeing a slowing of job growth," said John Williams, president of the New York Fed, in an interview Friday with the Wall Street Journal. Cleveland Fed President Beth Hammack and Atlanta Fed chief Raphael Bostic on Friday also called the labor market solid, indicating the Fed is going to wait for more information on employment and ... (full story)

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DwnUndrTrdr
Aug 4, 2025 8:40am
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Quoting glenngie
The Fed job looks easy if all they do is "wait-and-see".
It’s the same as in trading, no position is a position.
glenngie
Aug 4, 2025 7:14am
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The Fed job looks easy if all they do is "wait-and-see".
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