Archive for the ‘Jobs’ Category

Greg Sargent Nails the Key Points on the OT Debate

January 7th, 2015

If you want to get caught up on an issue I’ve often featured in these parts–the White House’s proposed rule to increase the salary threshold for overtime pay–then read Greg Sargent’s column in the WaPo. The administration, to their lasting credit, recognized that updating this threshold (the salary level under which salaried workers get time-and-a-half)… Read more

Asymmetric Credibility at the Fed and Price-Level Targeting

December 30th, 2014

While we in the US don’t have the disinflation (positive but declining rates of inflation) problem facing the Eurozone, our benchmark inflation rate has consistently undershot its mark. The Federal Reserve target for the core PCE deflator is 2%, year-over-year, and yet it hasn’t hit that growth rate even once since April of 2012. Since… Read more

A quick note on the Fed meeting and the need for “patience” for a “considerable time.”

December 17th, 2014

As the Federal Reserve Open Market Committee meets today to decide their path for monetary policy, there’s great focus on whether they’ll change a few key words of their guidance language. Specifically, will they drop “considerable time” from the sentence wherein the telegraph their thinking about how long they’ll hold interest rates at around zero? EG,… Read more