September 18, 2024 19:16 GMT
FED: FOMC Will Continue to Look at the Broad Array of Market Data
FED
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- Q: You said coming into the blackout it was 25bp or 50bp - the Waller and Williams speeches sort of said a gradual approach would win the day. Would you have cut by 50bp if the market had priced in low odds of a 50bp move?
- A: We're always going to try and do what we think is the right thing to do for the economy at that time. That's what we did today.
- Q: Payrolls revisions make that data less reliable, does that put your focus on the unemployment rate, and does a move above the unemployment projections trigger another 50bp cut?
- A: We'll continue to look at the broad array of market data. The unemployment rate is very important, but there isn't a single statistic or bright line that would dictate one thing or another.
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