Pedro Nicolaci Da Costa: On Larry Ball and Sub-5% Unemployment: “The Federal Reserve should hold short-term interest rates near zero long enough to drive unemployment well below 5%, even if it means letting inflation exceed the central bank’s 2% target… according to Laurence Ball…. …That could help bring some discouraged workers to reenter the labor … Continue reading Morning Must-Read: Pedro Nicolaci da Costa: On Larry Ball and Sub-5% Unemployment