Household employment tends to lead the headline non-farm payrolls survey at turning points in the economy. According to the Household Survey, employment has fallen in 5 out of the last seven months. Not exactly a bullish signal for the economy. … [Read more...]
Archives for December 2010
Federal Reserve President James Bullard on Fed’s Dual Mandate
James Bullard comments on the Fed’s dual mandate. Mr. Bullard has been a proponent of quantitative easing 2.0. One may wonder why he favors another round of money printing after hearing him rightly explain that the Fed cannot create jobs. I repeat the Fed cannot create jobs. The only thing the Fed can do is provide price stability. With inflation near zero, what exactly is the purpose of injecting another $600 billion in high powered money into the banking system? Watch the latest video at video.foxbusiness.com … [Read more...]