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Citing higher inflation than would otherwise be expected, Minneapolis Fed President Kocherlakota...

Citing higher inflation than would otherwise be expected, Minneapolis Fed President Kocherlakota suggests the country is closer to full employment than labor market gauges indicate (has the man never heard of stagflation?). He reiterates his view the Fed should consider exiting ZIRP in 6-9 months.
Comments (6)
  • Kocherlakota is history's greatest monster.
    10 May 2012, 02:50 PM Reply Like
  • Where's bbro with the positive spin?
    10 May 2012, 02:57 PM Reply Like
  • >> (has the man never heard of stagflation). <<

     

    He's apparently never heard of labor participation rate either. Maybe he was out sick on the day they covered that at Blathering Bureaucrat School.
    10 May 2012, 03:01 PM Reply Like
  • I new they would make this the "new normal" ...remember when Bush was president and he was creating 450,000 jobs a month..and Nancy Pelosi said that was worse than the great depression....lol
    10 May 2012, 03:07 PM Reply Like
  • You knew you couldn't spell, but want to claim some sort of skill in fiscal policy (a much more difficult task)? What is wrong with you people?

     

    I suppose you just got broadband, but have you ever heard of Eternal September? That's what you are putting the rest of us through.
    10 May 2012, 03:17 PM Reply Like
  • Mr. K. "To summarize: Labor market outcomes do remain notably worse than prior to the recession. The good news is that the unemployment rate has been declining since the end of the recession. But there is also countervailing evidence: The labor force participation rate has been falling steadily, and the employment/population ratio remains near its low point. The Beveridge curve shows considerable deterioration in labor market matching efficiency. "

     

    Well the man knows what the labor force participation rate is. But like many others he focuses on "unemploymen" rate, counting only those who have looked for a job in the last 4 weeks. He doesn't address U-6 rate. He doesn't address Not In Labor Force rates, etc.

     

    As usual, they avoid discussion about the overall picture. It's starting to be pretty "transparent" that these guys are pretty "transparent".
    11 May 2012, 12:03 AM Reply Like
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