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for some reason you left out the quote just previous to that, “I do think it is related to declining labor-force participation among prime-age workers,” which i
by airza 9y ago
for some reason you left out the quote just previous to that, “I do think it is related to declining labor-force participation among prime-age workers,” which indicates she thinks there is a relationship?
- smallnamespace 9y agoYes on the relationship, no on the direction of causality
- deleted 9y ago[deleted]
- dv_dt 9y agoMisread/paste - added the full quote. I don't think it really changes Yellen's position FWIW which is basically correlation != causation.