Fed Won't Quit Until Labor Market Quits, Kroszner Says

The transcript discusses economic trends, focusing on the labor market and inflation. It highlights the Fed's approach to managing inflation and labor market dynamics, emphasizing the challenges of low labor force participation and strong demand. The discussion also covers wage growth and labor power in the post-pandemic environment, noting the inconsistency with expected trends. The Fed's decision-making process is linked to labor market conditions, with a focus on upcoming data reports.

What is the current trend in the labor market according to the text?

What is meant by 'Immaculate inflation' as mentioned in the text?

How has the pandemic affected workers' power in the labor market according to the discussion?

What challenges does the Fed face regarding labor force participation?

How does the text describe the relationship between labor market conditions and wage growth?