Dual Mandate Dilemma: Inflation vs. Jobs Amid AI Investment, Slowing Hiring, and Rate-Cut Uncertainty

Jeffrey Praissman sits down with Michael Normyle, NASDAQ’s economist, to unpack the Fed’s latest message—and why balancing inflation and employment has gotten harder. They discuss AI data-center investment and why it boosts growth more than jobs, how reduced immigration changes the “break-even” pace of hiring, what’s driving today’s uncertainty, and why small businesses feel higher rates more than large caps.