News & Events

The Weekly Wrap - March 4, 2022

Amid the darkness on the Russian/Ukraine front, a ray of sunshine brightened the U.S. economic landscape this week. On Friday, the Labor Department reported that the economy generated another blockbuster jobs increase in February, and, once again, revised up the employment gains previously reported for December and January. It’s always a fun – but hapless – practice in sports to second-guess a manager’s decision made during the heat of a game. We wonder, however, if the Federal Reserve would have been so patient about withdrawing monetary stimulus back in November and December if it had the jobs data in hand that is has now.