Reade Pickert

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy editor Reade Pickert surveys the end of the year labor market data. Sign up here and follow us at @bpolitics. Email our editors here.

Federal Reserve Governor Michelle Bowman repeated her expectation that inflation will continue to decline further with interest rates held at their current level, but said it’s too soon to begin rate cuts.

Federal Reserve Bank of San Francisco President Mary Daly said central bank officials are ready to lower interest rates as needed but emphasized there’s no urgent need to cut given the strength of the economy.

La presidenta del Banco de la Reserva Federal de San Francisco, Mary Daly, dijo que los funcionarios del banco central están dispuestos a reducir las tasas de interés cuando sea necesario, pero enfatizó que no hay una necesidad urgente de recortarlas dada la fortaleza de la economía.

Vacation ownership loans that Wilson Resort Finance and Holiday Inn Club Vacations (HICV) originated will provide the underlying revenue for $400

An economist from the Bureau of Labor Statistics corresponded on data related to a key US inflation gauge with major Wall Street firms like JPMorgan Chase & Co. and BlackRock Inc., raising questions about equitable access to economic information.

"At the minimum, he’ll likely indicate the median FOMC participant now expects ‘less’ cuts this year."

Federal Reserve Bank of San Francisco President Mary Daly said inflation data out Friday indicates monetary policy is working, but said it’s too early to tell when it will be appropriate to lower borrowing costs.

Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment.

Federal Reserve Bank of New York President John Williams said inflation data over recent months has been encouraging, but he needs to see more progress.