Former FOMC George: Jobs report raises questions about the timing and number of rate cuts

<p><a href="https://kathleenhays.substack.com/p/strong-jobs-data-show-labor-market?r=wcig5&amp;utm_campaign=post&amp;utm_medium=web" target="_blank" rel="nofollow">Comments </a>from the recently-retired KC Fed President:</p><ul><li>We certainly don't seem to be seeing a growth slowdown just yet.</li><li>I'd be resetting my own expectations around how soon rate cuts should come and say the economy has held up pretty well.</li><li>It is a strong jobs report for sure.</li><li>They probably didn't get the jobs report till late yesterday afternoon.</li><li>I think the Fed is well aware that inflation must be convincingly defeated before they make a move.</li><li> You know seasonal adjustment factors all these things you got to maybe take January with a bit of a grain of salt</li><li>I just think markets may continue to be frustrated by messaging that is a little more cautious around this idea of gaining greater confidence</li><li>I think we could still see rate cuts certainly this year but how many and how quickly those start I think today's report is a reminder uh not to get ahead of ourselves on that</li><li>There is vulnerability in banks on commercial real estate and often things can snowball depending on other events that happen</li><li>I think fiscal issues are probably one of my biggest concerns and I think one that will have to be addressed.</li><li>Highlights risks around the fed balance sheet</li></ul><p>It's a candid discussion that you can see <a href="https://kathleenhays.substack.com/p/strong-jobs-data-show-labor-market?r=wcig5&amp;utm_campaign=post&amp;utm_medium=web" target="_blank" rel="nofollow">here</a>.</p>

This article was written by Adam Button at www.forexlive.com.