Goldman Sachs Says Fed to Put More Weight on Inflation Than Employment
JH Kim
Summary
- Goldman Sachs Chief Economist Jan Hatzius said inflation data will carry more weight than employment in the Federal Reserve's policy decisions.
- Hatzius said the key issue is whether June's inflation slowdown was a one-off or the start of a broader trend, adding that Goldman Sachs sees the latter as more likely.
- Hatzius added that inflation is likely to cool further.
Forecast Trend Report by Period
Goldman Sachs Chief Economist Jan Hatzius said the Federal Reserve is likely to place greater weight on inflation data than employment in future policy decisions, Walter Bloomberg reported on August 7.
The key question, Hatzius said, is whether June's inflation slowdown was a one-off or the start of a broader trend. Goldman Sachs sees the latter as more likely.
He added that inflation is likely to cool further.
JH Kim
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