Should-Read: Pedro Nicolaci da Costa: Ex-Bank of England official says Fed has wrong idea on jobs, inflation: “The Fed’s misleading view of the job market reflects ‘a huge intellectual failure’… http://www.businessinsider.com/ex-bank-of-england-official-says-fed-has-wrong-idea-on-jobs-inflation-2017-7 …That’s the view of David Blanchflower…. “Prior to 2008, the unemployment rate was a sufficient statistic to tell you about the labor market,” Blanchflower … Continue reading Should-Read: Pedro Nicolaci da Costa: Ex-Bank of England official says Fed has wrong idea on jobs, inflation