Fed's Dual Mandate: Unemployment & Inflation

Goldman Sachs John Waldron weighs in on the market downturn, as concerns grow about the Feds ability to manage inflation and unemployment. With high stock valuations and AI hype, investors are cautious. A potential slowdown in jobs and rising prices could lead to stagflation, impacting stock prices. The Feds dual mandate adds complexity, as raising rates can curb inflation but may cause job losses. Consumer confidence plummets, raising uncertainty about the economys future. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.