WASHINGTON (MarketWatch)
The economy is much closer to maximum employment than
many economists think, meaning monetary policy can do little to lower the
unemployment rate, said Jeffrey Lacker, the president of the Richmond Federal
Reserve Bank, on Monday
Maximum employment is the term for the level of
employment that is sustainable over the long-term without acceleration in
inflation
The consensus of Fed policymakers puts the full employment rate much
lower, between 5.2%-6.0%
But in an interview with Bloomberg Radio, Lacker said
"employment is close to maximum right now" given "the constellation of
impediments and challenges this economy has had over the years."
Lacker, who
voted against additional stimulus at the last Fed policy meeting, said the
current slowdown in the economy is not fatal or tipping the economy into
recession
"We are just in a situation where growth is going to fluctuate
between somewhat satisfactory and disappointing," Lacker said
He added that he
now expects the Fed to have to hike rates in late 2013, slightly later than his
prior forecast of the middle of that year
Formación Académica y Profesional
Matemáticas Fundamentales por UCM, MBA Executive, MBA Financial Markets, PME Certified
IT CIO , Client Executive, Grupo Santander, IBM Global Services , Electronic Data System
Matemáticas Fundamentales por UCM, MBA Executive, MBA Financial Markets, PME Certified
IT CIO , Client Executive, Grupo Santander, IBM Global Services , Electronic Data System

Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.

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martes, 10 de julio de 2012
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