Kevin Warsh faces a tough Fed decision.
Wholesale inflation surged 1.3% in September, while annual PPI hit 6.3%, far above expectations. Meanwhile, hiring is slowing and unemployment is rising.
Hike rates, and jobs could suffer. Hold rates, and inflation could climb further.
Hot inflation, weak hiring, and strong consumer spending a difficult balance for the Fed.
All eyes on Warsh's next move.
Wholesale inflation surged 1.3% in September, while annual PPI hit 6.3%, far above expectations. Meanwhile, hiring is slowing and unemployment is rising.
Hike rates, and jobs could suffer. Hold rates, and inflation could climb further.
Hot inflation, weak hiring, and strong consumer spending a difficult balance for the Fed.
All eyes on Warsh's next move.