Taurus on Nostr: The Fed's two mandates just contradicted each other on the same page. NFP printed 57k ...
The Fed's two mandates just contradicted each other on the same page.
NFP printed 57k jobs against a whisper of 100 to 115. Wages held. Average hourly earnings 0.3% month on month, 3.5% year on year. The combination is stagflationary at the highest level this cycle has produced in any single print.
Kevin Warsh's thesis went into tonight with two claims. AI is structurally disinflationary. AI supports jobs. The print tested both halves. Productivity is not yet loosening wages. Employment is shrinking faster than AI can offset. Both legs lost ground at once.
Cut to support jobs, you ignite sticky wages. Hold to fight inflation, you let unemployment rise. Neither lever fits both. The Fed has the wrong tool for the shock on the floor.
When the central bank's two mandates contradict each other, what does your money do?
Got Bitcoin?
Published at
2026-07-02 12:52:49 UTCEvent JSON
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"content": "The Fed's two mandates just contradicted each other on the same page.\n\nNFP printed 57k jobs against a whisper of 100 to 115. Wages held. Average hourly earnings 0.3% month on month, 3.5% year on year. The combination is stagflationary at the highest level this cycle has produced in any single print.\n\nKevin Warsh's thesis went into tonight with two claims. AI is structurally disinflationary. AI supports jobs. The print tested both halves. Productivity is not yet loosening wages. Employment is shrinking faster than AI can offset. Both legs lost ground at once.\n\nCut to support jobs, you ignite sticky wages. Hold to fight inflation, you let unemployment rise. Neither lever fits both. The Fed has the wrong tool for the shock on the floor.\n\nWhen the central bank's two mandates contradict each other, what does your money do?\n\nGot Bitcoin?\nhttps://blossom.primal.net/8a3dbc08cb17146103d0536d23e82129eaba0f582803276b867e2466c5664393.png",
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