Strong jobs, a broken AI trade, and a panel that thinks both are fine

Summary

The October payroll print came in at 165,000 against forecasts near 59,000. An economist on the panel says that is more than the labor market needs, that unemployment in the low fours is full employment, and that inflation is still running ahead of wages. He argues AI will not show up in the productivity data for another three to five years, and that this week's correction was healthy. He has two data centers going up within an hour of his house in Austin, and says the backlash is overstated. A Politico reporter on what a divided Congress can pass. The panel also takes on congressional stock…

Description from Yahoo News.