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Was labour participation declining before Trump took office? I thought unemployment rates had been dropping since about the end of the great recession. > Trump

• blazespin 7y ago
  https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART Most Service jobs are bullshit jobs, IMHO. Trump is trying to bring back manufacturing. Taylor rule is overridden by inflationary factors 'That is, the rule "recommends" a relatively high interest rate (a "tight" monetary policy) when inflation is above its target or when output is above its full-employment level, in order to reduce inflationary pressure. It recommends a relatively low interest rate ("easy" monetary policy) in the opposite situation, to stimulate output. Sometimes monetary policy goals may conflict, as in the case of stagflation, when inflation is above its target while output is below full employment. In such a situation, a Taylor rule specifies the relative weights given to reducing inflation versus increasing output. Anyways, it's not the job of an unelected fed central bank to worry about employment. What does that even mean? Are gig jobs employment? You really need legislators for these types of sticky questions. The fed job is to look at things people have to buy / pay for and try to keep them stable price wise, but not so stable people just stuff their excess money into their mattresses.