When economists compare the United States labor markets of today and in 1990, there is a stark contrast. A new research paper by economists Steven Davis of the University of Chicago and John Haltiwanger of the University of Maryland, which will be presented to global central bankers … [Read more...]
Federal Reserve Implements Radical New Policy to Keep Interest Rates Low
Federal Reserve Chairman Ben Bernanke announced a radical new policy the Fed will being using. The new policy is getting unprecedented support, but it is so far afield from past policies it may take many off guard. Federal Reserve Bank of Richmond president Jeffrey Lacker was the only … [Read more...]
