iShares 7-10 Year Treasury Bond ETF (IEF)

Powell 'reinforcing' Fed's messaging on labor-inflation balance

Coming away from Federal Reserve Chair Jerome Powell's first day of testimonies on Capitol Hill, it has become even clearer just how cautious regulators want to be around oncoming economic data and the timing of interest rate cuts. BlackRock Co-Head of Bond ETFs Steve Laipply sits down with Yahoo Finance in-studio to gauge the Fed's inflation outlook and the delicate balance between its monetary balance and markets, highlighting iShares ETF offerings for riding out potential soft landing scenarios. Fed officials "want to the have conviction that inflation is going to keep grinding down," Laipply says. "There's a lot of debate about some of the recent inputs into the calculation, but nonetheless, they're trying to make it clear that they are going to keep watching the data roll in and there is a scenario here where I think they're comfortable with the labor market being strong as long as they continue to see inflation fall. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.