The David Lin Report · Monday, August 10, 2026
Jim Welsh believes the Federal Reserve is likely to proceed with interest rate hikes, even in light of the recent jobs report. He argues that the Fed typically focuses on trends rather than single data points, similar to their reaction to a weaker CPI report. Welsh suggests that FOMC members are primarily focused on inflation, and the recent jobs numbers are unlikely to deter those who were already leaning towards a hike.
“I think that's possible. Uh, because, you know, they're not going to react to one number.”
“What we've seen from speeches and interviews is the majority of FOMC members are more focused on inflation.”
“So I don't think this number is going to dissuade those people. They're going to have a big debate. There's more data to come. I think, uh, you know, I lean toward them hiking.”