The Employment Situation Is Still A Disaster

The Employment Situation Is Still A Disaster

Last Friday, the US Bureau of Labor Statistics released new unemployment data. The report surprised many because it showed a decrease in the unemployment rate, while many observers had expected an increase. According to the official headline (seasonally adjusted)...
Fed Economist Pushes For Negative Rates

Fed Economist Pushes For Negative Rates

The Federal Reserve will probably keep interest rates at zero when it meets this week. But its own ranks are increasingly clamoring for an unprecedented move: sending rates into negative territory. In theory, negative interest rates would motivate more people and...