In a noticeable shift from the minutes of previous Fed meetings, the officials cited concerns that a further cooling of the job market might lead to increased layoffs. So far, slowing demand for workers has mostly appeared in the form offewer job postings. Their st...
slowing demand for workers has mostly appeared in the form offewer job postings. Their stated concern about a possible increase in layoffs suggests that the Fed needs to more fully consider both its policy goals: stable prices
Reservation Benefits: Assessing Job Acceptance Impacts of Increased UI Payments. Technical Report 2020-28. Federal Reserve Bank of San Francisco. https://www.frbsf.org/economic-research/publications/working-papers/2020/28/. Google Scholar Pissarides, 2000 C. Pissarides Equilibrium Unemployment Theory (...
4Press Release: Federal Reserve issues FOMC statement, federalreserve.gov, 9/20/17 Image Credits: US Navy, US Department of Defense, NOAA, Wikimedia Commons About the author: Barbara Adams, CPRW, CEIP, MMRW, MFRW, MFCA-T Barbara Adams is the founder and CEO of CareerPro Global, Inc. ...
bank easing that flows into the US.This is barely enough to keep US Nominal GDP (NGDP) growth at 3%, which is far below the level at which innovation can proceed at its trendline rate.The connection between technological progress, technological deflation, and worldwide central bank action is ...