Labor Slack and U.S. Inflation: A Macroeconomic Smackdown
Recent economic trends have left long-accepted economic theories in doubt. The Fed needs to decide what indicators to use.
Jeremie Banet
March 5, 2014
Janet Yellen, chair of the U.S. Federal Reserve, listens during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, Feb. 27, 2014. Yellen repeated that the central bank is likely to maintain its strategy of gradually trimming asset purchases even as it takes time for the job market to recover. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Janet Yellen
Andrew Harrer/Bloomberg
