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Discussion: (4 comments)

  1. Benjamin Cole

    Great post…in a democracy, meetings sre oublic and policy clear…the FOMC fails on the basics…

  2. Christopher Scott

    The reason why the U-3 and U-6 rates have declined in 2014 is that Congress did not renew extended unemployment benefits. Our national economy is still in the midst of the worst economic downturn since the Great Depression; our policymakers are just unaware of this fact. I challenge anyone who thinks differently to spend some time with young adults who are trying to start their careers. Alternatively, go out into the job market looking for another job. You will quickly discover how much the economy has recovered since the recession officially ended in June of 2009.

  3. Christopher Scott

    The reason why the U-3 and U-6 rates have declined in 2014 is that Congress did not renew extended unemployment benefits. Our national economy is still in the midst of the worst economic downturn since the Great Depression; our policymakers are just unaware of this fact. I challenge anyone who thinks differently to spend some time with young adults who are trying to start their careers. Alternatively, go out into the job market looking for another job. You will quickly discover how much the economy has recovered since the recession officially ended in June of 2009.

  4. Anarchus

    Hi:

    Am I the only person mystified that this Fed could be seeing lower growth AND higher rates than previously, WITH higher inflation too? There’s preciously little evidence of higher inflation – the job market stinks: as a recent editorial by Edward Lazear in the WSJ pointed out, there’s a significant disconnect between jobs created and hours worked – it seems that more and more full-time employment is being scaled back under 30 hours per week to avoid being snared in the Affordable Care noose.

    IMHO, Irving Fisher and Dr. Steve Keen have much better macroeconomic insights these days than any of the modern geniuses serving on the FOMC.

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