Loading...
Title : "The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago ... and has gone away."
link : "The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago ... and has gone away."
"The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago ... and has gone away."
"At least twenty years ago, that period was over and the relationship between unemployment and inflation became weak. And it’s become weaker and weaker and weaker...[W]e are learning that the neutral interest rate is lower than we had thought and... the natural rate of unemployment rate is lower than we thought. So monetary policy hasn’t been as accommondative as we had thought.... At the end of the day, there has to be a connection because low employment will drive wages up and ultimately higher wages will drive inflation, but we haven’t reached that point. In many cases, that connection between the two is quote small these days," said Federal Reserve Chairman Jerome Powell, testifying to the Senate Banking Committee today, reported by CNBC.And then, "Dow jumps more than 100 points to break above 27,000 for the first time ever."
"At least twenty years ago, that period was over and the relationship between unemployment and inflation became weak. And it’s become weaker and weaker and weaker...[W]e are learning that the neutral interest rate is lower than we had thought and... the natural rate of unemployment rate is lower than we thought. So monetary policy hasn’t been as accommondative as we had thought.... At the end of the day, there has to be a connection because low employment will drive wages up and ultimately higher wages will drive inflation, but we haven’t reached that point. In many cases, that connection between the two is quote small these days," said Federal
Loading...
Reserve Chairman Jerome Powell, testifying to the Senate Banking Committee today, reported by CNBC.
And then, "Dow jumps more than 100 points to break above 27,000 for the first time ever."
And then, "Dow jumps more than 100 points to break above 27,000 for the first time ever."
Thus articles "The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago ... and has gone away."
that is all articles "The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago ... and has gone away." This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.
You now read the article "The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago ... and has gone away." with the link address https://welcometoamerican.blogspot.com/2019/07/the-relationship-between-slack-in.html
0 Response to ""The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago ... and has gone away.""
Post a Comment