Fed Needs US Job Growth to Slow to 100,000 per Month: JPM

The video discusses the current state of nonfarm payrolls, highlighting a strong job growth forecast of 300,000, despite a need for moderation to influence the Federal Reserve's decision to pause rate hikes. The discussion emphasizes the necessity for job growth to slow to 100,000 per month to achieve a controlled unemployment rate of 4.5%. The Federal Reserve's role in targeting labor market softening and inflation is examined, considering the post-pandemic changes in the job market. The challenge for the Fed is to decide when to stop tightening policies before all desired data outcomes are visible.

What is the unemployment rate that the Fed is aiming for, as discussed in the text?

How does the speaker view the appropriateness of the Fed targeting the unemployment rate post-pandemic?