|
Re: Mother, mother, mother - there's too many of you crying.
Quote:
Originally Posted by Tyrone Slothrop
|
Right, but:
Quote:
|
I remember back in mid-2014 when the prime-age employment-to-population ratio was 76.5%: I was then told that it was an unreliable indicator—that structural changes and hysteresis on the downside had made it next to impossible to get those missing prime-age workers back into employment. More than "I was told", in fact: I greatly feared it myself.]
|
Things have improved from where everyone feared they may not improve. The fact that they have coupled with the fact that we still have room to improve are both reasons for the Fed not to tighten now (along with below-target inflation).
Which it will do. |
