Archive for the ‘New Posts’ Category

A few lynx

June 18th, 2018

Over at WaPo, I provide the anatomy of a revealing moment from Federal Reserve Chair Jay Powell’s press conference last week. A tough question landed him in the cul-de-sac one finds oneself in when one tries to defend a specific unemployment rate as the “natural rate.” In fact, the question asked of Powell was, “how… Read more

Catching up with the lynx

June 4th, 2018

Over a WaPo today: As you’d expect, I’m not at all happy to see the rollbacks in financial market regulations. But, given our ability to willfully forget the last financial meltdown, they’re far from unexpected. One of my key points here is that the powerful, rich finance lobby faces little in terms of countervailing pushback…. Read more

May Jobs: Another solid month; Lowest black unemployment rate on record; Wage growth ticks up for mid-wage workers.

June 1st, 2018

Payrolls rose 223,000 last month, beating expectations of 190,000, and the unemployment rate ticked down to 3.8 percent, its lowest level since April 2000, and before that, a level much more commonly seen in the 1960s. (At 3.75 percent, the jobless rate just missed falling two-tenths). [Before the release, President Trump tweeted that he was… Read more

The question of full employment and music from room 608

May 25th, 2018

Over at WaPo, I revisit the argument that a) since economists can’t tell if we’re truly at full capacity in the job market, b) there’s not much in the way and price and wage pressures, and c) the prime-age employment rate is not apparently topping out, we should assume there’s still economic room-to-run. I’m on… Read more