Economics & Growth | Monetary Policy & Inflation | Rates | US
Stephen Williamson, from the University of Western Ontario, dissects the Fed’s explanations for their interest rate cut. He finds them all insufficient. The labour market is holding up to last year’s records when it was tighter than it had ever been (as measured by the ratio of job openings to the number of unemployed). Similar to global trends, Home GDP growth has been smooth in the past 10 years, with unemployment rates consistently falling in Japan, the Eurozone, and the UK…
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