CoinVoice has recently learned that according to Jinshi, Tim Horan, chief information officer of Chilton Trust's fixed income department, said that strong job creation confirms the Fed's approach and indicates that a soft landing is just around the corner.
Tim Horan said the higher-than-expected 254,000 new nonfarm payrolls in September "allows the Fed to be absolutely pragmatic" and even consider pausing in November "to digest the election results without having to worry about falling behind the curve." With the job market performing reasonably well, the Fed can adjust monetary policy at its leisure, knowing how elected officials plan to handle government spending.
Tim Horan said that while officials have avoided commenting on fiscal policy, "the Fed has to worry" about the ballooning national debt. [Original link]
