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The Federal Reserve's dilemma. Worry more about jobs or prices. From Marketplace, I'm Novosafo,

in for David Brancaccio. The Federal Reserve's mandate is twofold.

Keep prices stable while maximizing employment. Last week, we learned inflation in July was

relatively steady. The Fed's preferred inflation gauge, the PCE price index, came in as expected,

holding at a 2.6% annual gain, higher than the Fed wants, but still not terrible.

Later this week, we'll get the latest read on the labor market. After the last report

showed major revisions downward in the amount of jobs created over the last several months.

So, what does the Fed do when it meets later this month? Marketplaces Mitchell Hartman has more.

The most recent jobs report showed mediocre job creation in July, while revisions showed barely any jobs at it in May and June.

Larry Tantarelli at Blue Chip Daily Trend Report says that really got the Fed's attention.

It seems like their view is that the labor market is weakening, and that is a bigger near-term

concern than the inflation issue.

...