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Taper Debate Heating Up, Fed Divided On Digital Dollar

Friday morning saw a truly upbeat jobs report that will surely make some of the hawks happy. One of the major points, if not the primary one, made by doves to continue to justify accommodative policy despite inflation coming in way above forecasts is that the jobs market continues to limp along far behind its pre-pandemic levels. There also appears to be a supply and demand mismatch.

This latest report had a lot to like from many perspectives. Participation was up. The unemployment rate fell to 5...

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