The Fed sees the possibility of labor markets becoming tight, which could push up costs at some point. At this point we haven't seen wage pressures but it's something the Fed is watching.
More Quotes from Glenn Haberbush:
We're still returning to pre-hurricane levels but in general this is a good report. This is further evidence labor markets are still healthy in the U.S.Glenn Haberbush
The White House hasn't floated its trial balloon yet.
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The Fed is still on the tightening path. When you get to the bottom line, it's just more solid employment growth.
Glenn Haberbush
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