Federal Reserve Faces Challenges Amid Weakening Job Market and Rising Inflation

According to BlockBeats, Federal Reserve official Hamack expressed concerns about the employment aspect of the Fed's responsibilities as the job market weakens. Sources indicate that inflation remains excessively high and is moving in the wrong direction, with the current unemployment rate nearing its peak. This presents a challenging period for monetary policy. Some inflation is reportedly driven by tariffs, but service inflation is particularly worrisome. The Federal Reserve's policy needs to maintain a degree of tightness to alleviate inflationary pressures. Tariffs are expected to further elevate inflation rates by early next year.