The labor market is expected to slow down. Here's how it could impact the Federal Reserve.
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00:00I do expect to slow down in hiring. I think that the labor market will impact the Fed,
00:06but I don't think it will do so immediately. I think it will take time for that to play out.
00:10The labor market has been very, very strong until now. I think it's going to weaken.
00:14I think it's going to get harder for people to find good jobs in the next 24 months. So that
00:20will be a win-in-the-face factor the Fed will have to face and probably will lead to them
00:26cutting rates eventually, but I don't think it's going to be in the near term.