In the News

Bernanke / There’s a long way to go before raises rates

So with actual job creation still fairly muted and inflation—at least as gauged through conventional government measures—well below the Fed’s 2.5 percent warning sign, interest rates probably aren’t going anywhere for years.

Bernanke said as much Tuesday in remarks at the National Economists Club annual dinner in Washington.

He warned against using the headline unemployment measure as a gauge because “many other indicators become relevant to a comprehensive judgment of the health of the labor market, including such measures as payroll employment, labor force participation, and the rates of hiring and separation.

“In particular, even after unemployment drops below 6.5 percent, and so long as inflation remains well behaved,” he continued, “the (Fed Open Markets) Committee can be patient in seeking assurance that the labor market is sufficiently strong before considering any increase in its target for the federal funds rate.”

Chosen excerpts by Job Market Monitor. Read the whole story at 

cnbcvia There’s a long way to go before Fed raises rates.

Discussion

Trackbacks/Pingbacks

  1. Pingback: US Monetary Policy / On unemployment vs the fear of inflation | Job Market Monitor - January 9, 2014

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: