For nearly two years, the job market Americans were told about has been significantly stronger than the one that actually existed, and the Federal Reserve made a major policy decision based on numbers that have since been quietly rewritten.
Unless a rate hike is deemed necessary despite a weak job market due to the bond yields… JPow always mentioned the dual mandate, but I wonder which of them is more important right now.
Unless a rate hike is deemed necessary despite a weak job market due to the bond yields… JPow always mentioned the dual mandate, but I wonder which of them is more important right now.