It’s the Labor Market, Stupid
Hi David, first off - great post!
Curious how you see politics fitting into all of this, especially if Trump finds a subservient Fed chair to cut rates into midterms? It seems a real possibility to my mind..
A subservient chair will struggle to build consensus and gather the votes. I’m not worried about that.
This piece is excellent—it cuts through the noise and focuses on the employment rate of the prime-age population.
Tnx Rye!
over what time period is Labor Force Participation (LFP) up 1.5% to 2% in the age 30-64 cohort? is it from the 2023july low in U3?
Clear and incisive - as always!
Hi David, first off - great post!
Curious how you see politics fitting into all of this, especially if Trump finds a subservient Fed chair to cut rates into midterms? It seems a real possibility to my mind..
A subservient chair will struggle to build consensus and gather the votes. I’m not worried about that.
This piece is excellent—it cuts through the noise and focuses on the employment rate of the prime-age population.
Tnx Rye!
over what time period is Labor Force Participation (LFP) up 1.5% to 2% in the age 30-64 cohort? is it from the 2023july low in U3?
Clear and incisive - as always!