- Fed independence is very important.
- Has nothing to say an allegations that situation around Gov. Cook
- GDP has slowed in the 1st half of the year.
- I expect that to continue for the rest the year
- The economy is in an adjustment process
- Expects growth to be 1% to 1 1/2% annually
- The state of the labor market is solid.
- Some of the slowdown in the payrolls is in the supply of the labor market.
- We are seeing slower supply and slower demand.
- The hard thing is to see if one is slowing faster than the other.
- Other indicators have gently softened over the last year but still growing.
- Wage growth is a good indicator of labor.
This article was written by Greg Michalowski at investinglive.com.
