Adam Posen on the Dangers of Jerome Powell's 'Rifle Shot' Jackson Hole Speech | Odd Lots

Last week at Jackson Hole, Federal Reserve Chair Jerome Powell delivered a short and powerful speech indicating that it's time for a policy pivot. The goal now, from his perspective, is to prevent further deterioration of the US labor market. His speech didn't delve much into theory or nuance. In this episode, we speak with Peterson Institute President, Adam Posen, who found the speech unsatisfying. He argues that the state of the labor market, while cooling, didn't merit a "rifle shot" approach, such as the one Powell delivered. He explains his concerns and how he sees the risks materializing from here.

See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
Check out more Odd Lots:    • Odd Lots  

Get the Odd Lots newsletter via https://www.bloomberg.com/account/new...
And for all things Odd Lots, visit https://www.bloomberg.com/oddlots

Visit our other YouTube channels:
Bloomberg Television:    / @markets  
Bloomberg Originals:    / bloomberg  
Quicktake:    / @bloombergquicktake  

#Bloomberg #Podcast #OddLots

Visit us: https://www.bloomberg.com/podcasts

Follow Bloomberg Podcasts on Twitter:   / podcasts  

For coverage on news, markets and more: http://www.bloomberg.com/video