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Job market needs to normalize, not deteriorate: Fmr. Fed. Pres.

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Jay Powell Notizia

Unemployment,Labor Market,Jim Bullard

The Federal Reserve decided to hold interest rates steady on Wednesday, though investor hopes for a rate cut in September still linger on Wall Street. Former...

, though investor hopes for a rate cut in September still linger on Wall Street. Former St. Louis Fed President and current Dean of Purdue University's Daniels School of Business Jim Bullard joins Morning Brief to discuss his outlook.

September investors now pricing in an 86.5% chance in totality that the fed could potentially cut rates by 25 basis points at the September meeting according to CME Group's Fed watch tool for more on this.Great to have you here with us and thanks so much for taking the time here. And um uh so things are looking pretty good for the fed and pretty good for a rate cut in, in September, Jim.

And, uh, the unemployment rate is still below most people's estimate of the natural rate of unemployment for the US, which would be somewhere in the mid 4% range.

 

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