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This is not your father’s Fed

First published at RGJ.com http://www.rgj.com/story/money/business/2014/05/30/robert-barone-fathers-fed/9728075/ The tools available to monetary policy have large impacts and affect wide swaths of the financial terrain. This has always been acknowledged in the financial community, and, as a result, monetary policy has not been used to target social issues. Until now. Labor markets Fed Chairwoman Yellen has made it clear that she wants to see a reduction in what she has termed “disadvantaged workers,” …Read More