Inflation & Labor Market - The FOMC unanimously acknowledges that inflation is excessively high and requires reduction, while also recognizing the softening labor market and associated risks [1] - Persistent tension exists between the dual mandates, influencing decision-making processes [2] FOMC Discussions & Decisions - Discussions within the FOMC are thorough and respectful, despite differing viewpoints [3] - A decision was reached with broad support (9 out of 12), indicating a less unified consensus compared to typical situations [3] Monetary Policy & Economic Outlook - The effects of the previous 75 basis points rate cut are yet to be fully realized [4] - The committee is positioned to observe the economy's evolution before making further decisions [4] Data Assessment - Caution is advised when assessing household survey data due to technical issues in data collection, potentially leading to distortions [5][6] - Data collected in October and half of November may be unreliable due to disruptions in data collection [6]
Fed Can Wait and See How Economy Evolves, Chair Powell Says
Bloomberg Television·2025-12-10 20:36