It is almost as if the Fed is looking for excuses to continue easy money policies now that inflation is in the range it targeted and employment news would otherwise indicate a solid recovery.
New Federal Reserve Chairwoman Janet Yellen is a labor economist by training. Her job is to preside over the Federal Reserve, which has a dual mandate as put forth in the 1977 Federal Reserve Act: to maintain maximum employment and stable prices. Under previous Chairman Ben Bernanke, the Fed issued a statement on meeting those goals. As for inflation, it was rather straightforward and simple with the goal of 2 percent inflation annually over the long run. Employment was a little more complex. The Fed's 2012 statement explained that the maximum level...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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