Lisa Cook Federal Reserve
  • Careful approach to easing policy over time can ensure inflation returns sustainably to 2% while striving to maintain a strong labor market
  • Employment and inflation goals moving into better balance
  • Inflation has fallen considerably, labor market has remained strong
  • Wage growth differential between job switchers and those staying in jobs has narrowed
  • Strong productivity growth could mean faster pace of wage growth that's not inflationary

There isn't much of a signal here.