Federal Reserve: Inflation risk tilted to upside, labor market tilted to downside - part 2/2
2025-12-30_19-27 • 5m 12s
Steve Liesman (Senior Economics Reporter)
00:00.320
You
know
what,
Brian?
You're
You're
You're
saying
this
makes
me
think
of
one
of
the
things
that
you
do
as
a
hobby,
which
is
to
drive
race
cars,
if
I'm
not
mistaken.
If
If
you're
driving
a
race
car,
you
need
to
think
about
where
the
race
car
is
going
to
going
to
be
in
3
seconds
Steve Liesman (Senior Economics Reporter)
00:15.080
from
now
because
you're
traveling
at
whatever
200
miles
an
hour.
If
you're
driving
an
oil
tanker,
you
don't
have
to
make
those
decisions.
You
have
to
make
those
decisions
earlier
because
it
turns
later,
but
the
future
is
well
in
front
of
you
if
you're
going
much
slower.
And
I
Steve Liesman (Senior Economics Reporter)
00:28.040
think
the
situation
right
now
is
that
some
on
the
Fed
say,
"Hey
what,
let's
take
our
time.
We've
cut
175.
Let's
chill
out.
Take
a
look
at
where
things
are
going."
And
there's
a
bunch
of
other
folks
that
say,
"You
know
what?
We
have
weak
jobs
in
front
of
us
now
and
we're
going
to
Steve Liesman (Senior Economics Reporter)
00:41.800
take
a
flyer
by
the
way
on
where
the
car
is
going
to
be,
which
is
higher
productivity
because
of
AI
and
lower
inflation
because
tariffs
are
not
going
to
come
through.
It's
a
bit
of
a
debate
about
what
kind
of
vehicle
you're
driving,
sir.
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