WASHINGTON (MarketWatch) - The United States is much closer than generally thought to full employment and it is time for the Fed to shift away from its ultra-easy monetary policy stance, said Narayana Kocherlakota, the president of the Minneapolis Federal Reserve Bank, on Wednesday. In a speech in Rapid City, S.D., Kocherlakota noted that, in the wake of a financial crisis in the early 1990s, Sweden saw a sharp, and lasting, spike in the maximum rate of unemployment, or the level of joblessness sustainable over the long-term without causing inflation to rise. Kocherlakota said the U.S. inflation rate is signaling a similar spike in the maximum employment level in the U.S. and the Fed should "be responsive to such signals."
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Bullshit Statement of the Century: Fed's Kocherlakota: U.S. Close to Full Employment Well...I guess we're pretty much fucked then, huh? LMAO By Greg Robb
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| Msg # | Subject | Author | Recs | Date Posted |
| 677272 | Re: Bullshit Statement of the Century: Fed's Kocherlakota: U.S. Close to Full Employment | ralphtard | 9 | 5/23/2012 2:31:09 PM |
| 677274 | Re: Bullshit Statement of the Century: Fed's Kocherlakota: U.S. Close to Full Employment | bullandbearwise | 3 | 5/23/2012 2:37:51 PM |
| 677360 | Re: Bullshit Statement of the Century: Fed's Kocherlakota: U.S. Close to Full Employment | tankcircuitnoise | 5/24/2012 3:43:34 AM | |
