Comments from KC Fed President George:
- Pandemic has created serious financial consequences for state and local governments
- Fed's actions have helped to ease financial conditions and improve market functioning
- Determining the path of monetary policy to be more-difficult
I feel like the Fed shouldn't even be talking about that jobs report; there were so many caveats.
The early consensus on the June jobs non-farm payrolls report is 3m new jobs and unemployment down to 12.4% from 13.3%.