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MNI PODCAST: FedSpeak - Fed's Rodgers On Inflation, Job Risks

EXECUTIVE SUMMARY
  • William Rodgers III, director of the St. Louis Fed's Institute of Economic Equity and former Labor Department chief economist, explains why further progress is needed on jobs despite the low unemployment rate.
  • Rodgers says broadening inflation pressures have raised the risk of setting off a "chain of expectations" of higher wages and prices.
  • He says the prospect of a recession is "plausible" but will depend strongly on how quickly the war in Ukraine is brought to an end as well as how consumer expectations -- and spending -- react to higher inflation.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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