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Is There a Social Agenda in Yellen’s Monetary Policy?

Recently released Federal Open Market Committee (FOMC) minutes (special strategy meeting) leaves me with the impression that there is not unanimity of thought among the participants that there is significant labor market slack.  In many Fed districts, labor markets appear to be tight.  Anecdotal evidence collected in these districts indicates that businesses are finding that jobs are hard to fill and that many jobs go unfilled due to a lack …Read More