What's Next For the Fed Following Dismal Jobs Data?
Federal Reserve Bank of Boston President Eric Rosengren said he expects U.S. economic conditions to continue improving, making further rate increases appropriate, although it will be important to see whether a weak employment report for May proves to be an anomaly. “Lately the economic data have been choppy,” Rosengren said in the text of a speech prepared for delivery at a central banking conference in Helsinki on Monday. Federal Reserve officials are debating whether the economy is strong enough to handle what would be only the second rate increase in about a decade, and have said they’ll evaluate incoming economic data to help decide. City Financial Investment Director Peter Toogood discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."
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27:43 - Federal Reserve Bank of Dallas President Robert Kaplan discusses his outlook for the labor market and talks about demographic trends. He speaks with Kathleen Hays on "Bloomberg Daybreak: Australia." (Source: Bloomberg)