00:00:00
it is uh a big deterioration in the jobs
00:00:03
picture and a fear that the FED is
00:00:06
moving way too slow they should have cut
00:00:09
at the last meeting they have overshot
00:00:12
their target on the labor market and
00:00:15
other words they said the normal label
00:00:18
Market should be 4.2% unemployment we
00:00:21
crossed to
00:00:22
4.3 on Friday we've gotten down to 2 and
00:00:25
a half% inflation we're still 90%
00:00:28
towards our inflation Target but we've
00:00:31
changed nothing on federal funds the FED
00:00:35
has printed in their last meeting that
00:00:38
the normal Fed funds rate should be
00:00:41
2.8% so given that they've overshot on
00:00:45
one of their two Targets almost there on
00:00:47
the other why have they not moved on the
00:00:51
FED funds rate
