Fed’s Waller warns U.S. job growth may have turned negative
Fed Governor Waller said job growth could now be negative, calling it the central bank’s biggest economic risk.
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15h agoFed’s Waller warns U.S. job growth may have turned negative
Federal Reserve Governor Christopher Waller said the labor market is showing ‘clear signs of weakening,’ with the latest internal data suggesting payroll growth may have turned negative in recent months. He cautioned that a contracting job market poses the biggest risk to the soft-landing outlook and may justify a slower pace of balance-sheet tightening. Waller added that sustained disinflation allows more flexibility but urged data confirmation before major policy shifts. (Bloomberg Law)
neutral
15h agoFed’s Waller warns U.S. job growth may have turned negative
Federal Reserve Governor Christopher Waller said the labor market is showing ‘clear signs of weakening,’ with the latest internal data suggesting payroll growth may have turned negative in recent months. He cautioned that a contracting job market poses the biggest risk to the soft-landing outlook and may justify a slower pace of balance-sheet tightening. Waller added that sustained disinflation allows more flexibility but urged data confirmation before major policy shifts. (Bloomberg Law)
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Fed’s Waller warns U.S. job growth may have turned negative
about 16 hours ago
1 min read
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Fed Governor Waller said job growth could now be negative, calling it the central bank’s biggest economic risk.
Federal Reserve Governor Christopher Waller said the labor market is showing ‘clear signs of weakening,’ with the latest internal data suggesting payroll growth may have turned negative in recent months. He cautioned that a contracting job market poses the biggest risk to the soft-landing outlook and may justify a slower pace of balance-sheet tightening. Waller added that sustained disinflation allows more flexibility but urged data confirmation before major policy shifts. (Bloomberg Law)
Federal Reserve Governor Christopher Waller said the labor market is showing ‘clear signs of weakening,’ with the latest internal data suggesting payroll growth may have turned negative in recent months. He cautioned that a contracting job market poses the biggest risk to the soft-landing outlook and may justify a slower pace of balance-sheet tightening. Waller added that sustained disinflation allows more flexibility but urged data confirmation before major policy shifts. (Bloomberg Law)
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Federal Reserve
Christopher Waller
Federal Reserve
Christopher Waller
U.S. jobs
monetary policy
labor market
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