Federal Reserve Struggles with Job Market Weakness and Rising Inflation

Federal Reserve official Hamack has expressed concerns about the impact of a weakening job market on the Fed’s responsibilities, as reported by BlockBeats. Inflation remains high and is failing to decrease, approaching its highest point in recent history. This presents significant challenges for the Fed in implementing monetary policy effectively. While some inflation is driven by tariffs, service inflation poses a particular threat. The Fed needs to maintain tight monetary policy to curb inflationary pressures, while also addressing the job market’s decline.