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Lunchtime Must-Read: Jan Hatzius: Goldman Disagrees With The Fed On Labor Market Slack

Jan Hatzius:: Goldman Disagrees With The Fed On Labor Market Slack: “We disagree with the [FOMC’s] view…

on labor market slack. While the unemployment rate is now below 6% and the explicit phrase in the FOMC statement that ‘…underutilization of labor resources is gradually diminishing…’ is factually correct, the implicit notion that underutilization is no longer ‘significant’–the term used in the July and September statement–looks inconsistent with the employment and wage data…

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Lunchtime Must-Read: Jan Hatzius: Goldman Disagrees With The Fed On Labor Market Slack

November 1, 2014

November 1, 2014

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon