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This is a pretty thoughtful response. I'm not confident enough to really debate the situation today, but it seems like the fed's goal of controlling unemploymen
by dluan 11y ago
This is a pretty thoughtful response. I'm not confident enough to really debate the situation today, but it seems like the fed's goal of controlling unemployment has more or less run its course. Unemployment is almost at the lowest since the 2000's. But if it follows some predictions that it will bottom out in 2016, will the fed go back to lowering interest rates?
- dredmorbius 11y agoAs many, including the Fed's Janet Yellin, have noted, while unemployment numbers are down, wages haven't risen. That's an indication of net economic vitality, equality, and negotiating power. There's also the continuing debate over just what unemployment measures, and alternate indicators including broader measures of unemployment, or workplace participation rates. Declaring victory and going home may not match the battlefield status.