By PBN Staff
The release of the minutes of the most recent Federal Reserve Open Market Committee meeting showed that the central bank policy makers believe that the U.S. labor market is getting closer to its long-term performance, but it is not there yet.
That conclusion is leading some of the members of the group to want to see interest rates raised sooner rather than later, so that rising costs don’t have a chance to stoke the fires of inflation. Some members, however, including Federal Reserve Chair Janet Yellen, want to see more improvement in the jobs market before starting to put the brakes on the U.S. economy.
Are you more aligned with the inflation hawks or those seen as doves, including Yellen?