Fed officers
know the economy hasn't been fixed.
"However, as we got closer and closer to the Fed’s target unemployment
rate of 6.5% the more we have been hearing from Janet Yellen about
“labor market imperfections.” She has changed her tune and instead of
touting the decreases in the unemployment rate, she is talking about all
the people working part-time when they would prefer to work full time
and the decline in the labor participation rate. In truth the Fed did
not fix the economy. In other words, she is searching for a
justification to continue the money printing if the bubbles start
leaking again."
Start leaking again? When did the stop?
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