The Federal Reserve is heading into its September meeting deeply divided on interest rates, with Chair Kevin Warsh signalling a possible hike, Governor Christopher Waller favouring a hold, and US Vice President JD Vance demanding cuts.
New employment data has shown the strongest monthly hiring figures since March, with a hundred and sixty-two thousand jobs added in August — driven in large part by the food and drinks sector.
Jagruti Dave in Washington says the robust labour market is fuelling the debate over whether the economy is running too hot for the Fed to keep rates on hold.
IN: “It's higher than...”
OUT: “...raising interest rates.”
DUR: 34 seconds
http://www.fsnradionews.com/feeds/0904-1733dave-interestrates1.mp3