Elisabeth Denison Against Quotations

It (the jobless rate) is probably at or slightly below the level the Fed is thinking is full employment, so it will strengthen their resolve to lean against inflation pressures. We expect another quarter-point hike in March.

As long as the economic momentum remains strong, we believe they will still lean against inflation pressures with another rate hike.

The unemployment rate was the most important. It will strengthen (the Fed's) resolve to lean against inflation pressures.