Kenan Institute Executive Director Greg Brown discussed the Federal Reserve’s next move after the Sept. 2 employment report showed slowing but still strong job growth. Brown predicted that the Fed, to protect its reputation as an inflation fighter, would more likely overshoot than come up short in using higher interest rates to tamp down rising prices. He also answered questions from the media on how the global nature of inflation limits the Fed’s effectiveness as well as what can be expected for local and North Carolina labor markets.