2 Question Tuesday® – 05/12/2026 – What Do the Jobs Numbers Tell Us About the Economy? How Will the Market and Interest Rates React to Kevin Warsh Becoming Fed Chair?
Welcome to 2 Question Tuesday. This week’s questions were:
- What do the jobs numbers tell us about the economy?
- How will the market and interest rates react to Kevin Warsh becoming Fed Chair?
Phil, Mike, and Larry discuss Friday’s jobs report which said nonfarm payrolls rose 115,000 in April, down from the 185,000 created in March, and what these numbers tell us about the economy. Then they talk about the expectation that the Senate will confirm Kevin Warsh as Federal Reserve chair for a four-year term this week, how this will affect interest rates, and what the market reaction will be.
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