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Published 1 year ago

Biden Celebrates A Strong Job Market, But Fed Officials Think That Calls For More Tightening, Higher Interest Rates

Summary by Ground News
Neel Kashkari, president of the Minneapolis Federal Reserve, commented on the surprisingly high job growth in January. The latest jobs report shows a massive addition of 517,000 jobs, nearly tripling economist estimates. In his view, such a sign means that Fed tightening to date has not had much on an imprint on the labor market.

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