New post added at Given Their Failures, Central Bankers Need To Show Some HumilityMonetary Policy: The Federal Reserves annual Jackson Hole confab has turned into a grumbling session about the failure of the world economy to respond to central bank stimulus. But no one should be surprised. Fed Chairwoman Janet Yellens speech Friday at the bankers yearly Wyoming get-together focused mainly on the labor market -- her main preoccupation as an economist. She worries that a decline in unemployment from 10% in 2009 to just
Posted on: Sat, 23 Aug 2014 14:38:41 +0000
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