Jobs are steady. Prices are high. What will the Fed do?

There are two sides to the Federal Reserve’s dual mandate: stable prices and maximum employment. And today, the maximum employment side seemed to be met.

The August jobs report out from the Bureau of Labor Statistics Friday morning showed that the economy added 162,000 jobs in August and the unemployment rate was unchanged at 4.1%. These are signs of a relatively healthy labor market.

However, the stable prices side of the mandate remains unfulfilled as prices continue to rise at a rate well above the Fed’s 2% inflation target.

So, what’s the Fed to do?

“Marketplace” host Kristin Schwab spoke with Courtenay Brown, economics reporter at Axios, and Catherine Rampell, economics editor at The Bulwark and anchor at MSNOW about all the week’s latest economic news for the Weekly Wrap.

Click the audio player above to hear their conversation.