How the jobs report and Fed comments support more aggressive policy and curve flattening

I have talked a decent bit about the jobs report in my last two posts here. So I want to say more about what the information in that report says to Fed members, given recent Fed guidance and speeches. I am going to lean heavily on comments by Lael Brainard as she is the policy dove whose more hawkish comments tell you how the central tendency of thought is shifting at the Fed.

First, let's get the lead-up right. The Yellen Fed took us off zero in 2015, promising a data-dependent policy path as ...


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