Fed's Bullard: Could use monetary policy in the future to head off possible asset price bubbles - comments to reporters
- employment/population ratio and hours worked are the key metrics to determine health of the US labor market (see: {http://libertystreeteconomics.newyorkfed.org/2014/02/a-mis-leading-labor-market-indicator.html}
- Notes a recovering economy is a fertile place for bubbles to appear
- would prefer ending reference to 6.5% unemployment threshold
- Highlights that the "Audit the Fed" legislation constitutes political interfence
- Notes a recovering economy is a fertile place for bubbles to appear
- would prefer ending reference to 6.5% unemployment threshold
- Highlights that the "Audit the Fed" legislation constitutes political interfence