Jobs Report Takes Pressure Off of Fed, Kroszner Says

The transcript discusses the Federal Reserve's outlook for the November meeting, highlighting reduced wage pressure and increased labor force participation as positive signs. It suggests the Fed is unlikely to raise rates soon unless unexpected data emerges. The conversation shifts to the Fed's dual mandate, emphasizing a focus on inflation control, as stated by Jay Powell at Jackson Hole. The Fed aims to balance inflation and employment without causing a sharp rise in unemployment, acknowledging the complexity of achieving a 'soft landing.'

What was the major pivot mentioned regarding the Fed's focus on inflation?

What challenges does the Fed face in achieving a soft landing for the economy?