Yellen Overestimates Labor Slack, Underestimates Need for Hikes

posted by Michael Lewis on April 08, 2016

Found in US, categorized in Macro

Tags: FMI michael lewis Yellen FOMC Fed inflation labor market

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Indeed, Yellen implied that there could be “two or three years” of further improvement before the Fed needs to worry about a too-tight labor market stimulating inflation. Thus, she thinks, the FOMC is justified hiking rates very gradually.


FMI’s Commentary on slack in the labor market and the FOMC’s perception of the same.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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