Slok: Inflation, Jobs Top Brexit in Fed Rate Decision

The video discusses the state of the economy as it approaches full employment, highlighting the expected slowdown in employment growth and the rise in wages. It examines the Federal Reserve's considerations, including geopolitical factors like Brexit, and their impact on monetary policy decisions. The video also addresses market impatience and the Fed's cautious approach, emphasizing the importance of inflation and unemployment data. Additionally, it explores the quality of wage growth and the broadening of employment recovery to include more retail jobs. The discussion concludes with an analysis of unemployment rate targets and the challenges faced by the Fed in communicating their strategy to the markets.

What factors are expected to influence employment growth as the economy approaches full employment?

How does the Federal Reserve's approach to monetary policy reflect their views on inflation and unemployment?

In what ways has the job market changed during the economic recovery, particularly regarding wage growth?

What challenges does the Federal Reserve face in managing expectations about economic growth and inflation?

What implications does the employment report have for future monetary policy decisions?