FED banker, Austan Goolsbee, commented on today's NFP data and the current macro situation in the context of FED's monetary policy:
- the FED will remain at restrictive interest rate levels for an extended period in the coming year;
- NFP data came in line with expectations; the banker considers them comfortable;
- the FED is on track to bring inflation to the target levels of 2%;
- the labor market is slowing down a bit, but it remains extremely strong;
- the banker is not surprised that wages are growing but will keep an eye on them;
- the recent CPI readings were positive (promising data);
- we should start thinking about how long to maintain interest rates;
- the banker hopes to achieve a soft landing for the economy in the current tightening cycle.
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