Kevin Warsh: “Independence is a two-way street. We let people that do trade policy and fiscal policy stay in their lane, too.”

There are always areas of concern in the labor market—for example, among recent graduates.

Inflation data are more concerning than trends on the job market.

The plain fact is that inflation is too high, and has been for too long.

In general, though, people who want to work, by and large, are holding or finding jobs.