Joining us for reaction to the data and this fastmoving story, former Kansas City Fed President Tom Honik. He's a distinguished senior fellow with the uh Mercadus Center at George Mason University. I think he thought he was going to talk about this data first, but I actually want to ask you just about this case since we're on the topic.Tom, what is your reaction. Um what would you like to see this court do this morning. Well, good question.Um, I would like to see them simply uh try and sort this out in the ...

I remain very much agnostic on the relative likelihood and relative danger of inflation and unemployment. We're seeing probably more pressure on politicization of the Fed than any time in generations. I think it's a moment actually to tilt towards concern about maintaining uh confidence in the long-term commitment to price stability.So I would be hoping that the Fed will continue to be very much data dependent and watching very carefully what happens both on the inflation statistics and on the unemployment ...

Inflation Concerns - Inflation is too high and has been trending higher [2][3] - The current inflation rate puts a real pinch on lower income households [4] - Inflation has been above the target for four years, requiring control [4] Monetary Policy Outlook - The Federal Reserve chair is open-minded about the right policy stance for September [2] - The current economic situation presents a challenging time for monetary policy [3] - Expectation is that inflation may continue to rise, and unemployment may also rise [3] Employment Situation - The employment side is reasonably close to full employment [2] - Employment has been balanced and healthy for the better part of a year [2] - Unemployment has been pretty consistent in the 4% to 43% range [3]

Diane, h how much does this change the picture? Uh especially these revisions as Bostik was mentioning there. Um you think the Fed would have made a different decision if if these numbers had been out days ago. >> I'm not sure they would have made a different decision on the month of July, but I think this does nudge them obviously closer to September. It's still not a slam dunk. This is the hard part for the Fed. The important part for Bostic is he didn't say, "Hey, this is it. we're gonna cut now because ...

Although interest rates and unemployment have an indirectly inverse relationship, that relationship can be clouded by broader factors in the labor market. https://t.co/8VWJE1g9f5 ...

Economic Outlook - BOE rate-setter Catherine Mann warned of unemployment fears and rising bills in the UK [1] - UK households are building a "rainy day fund" due to economic concerns [1]

Economic Indicators - Argentina's job market is a growing concern due to rising unemployment [1] Political Landscape - Javier Milei's approval rating remains stable despite economic anxieties [1]

Inflation & Unemployment - ECB Governing Council member Gabriel Makhlouf indicates that inflation expectations in the euro area helped the region avoid large increases in unemployment during a period of strong consumer-price growth [1]

branch. What's your thought about her. Quote.>> I personally think that's a very reasonable way to think about it. >> Thank you very much. I yield back.The gentleman from New York is recognized for five minutes. >> Thank you, Mr. . Chairman.Good morning, Mr. . Chair. Chair Powell, and thank you for being here.Last week, the FOMC decided to maintain the target range for the federal funds rate at four and a quarter to 4.5%. While I was not surprised by the decision to hold rates steady, I was surprised by the ...

The Phillips curve is an economic theory that inflation and unemployment have a stable and inverse relationship. https://t.co/RH9tMCzG49 ...