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Posted November 20. 2017 10:46AM

Federal Reserve honcho argues NH's virtual full employment is a bad thing

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Pointing to a timeline that showed U.S. recessions superimposed on the unemployment rate, Jeffrey Fuhrer noted what happened when the jobless rate fell below a historical “sustainable” level of about 4˝ percent for any length of time.

“Every time the rate spends any time below the sustainable rate and stays there, something bad happens – usually ... a recession,” he said.