Fed's Ferguson on labor market statistics

In the speech 'Interpreting labor market statistics in the context of monetary policy' given on 7 January Roger Ferguson of the Federal Reserve said it is possible there is less slack in the U.S. job market than thought, and this could lead to a pickup in inflation if monetary policy is loose.

Ferguson also said in the speech to the Andrew Brimmer Policy Forum: National Economic and Financial Policies for Growth, Employment, and the Improvement of Equity, that it is difficult to assess the

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