The Time Warp At Jackson Hole: A Reprise For Leisure Suits, Disco Music And The Phillips Curve

The stock market rallied hard into Janet Yellen’s speech Friday at Jackson Hole, expecting some epiphany I suppose about the future course of monetary policy. What we got instead was Labor Market Dynamics And Monetary Policy, the purpose of which I can only suppose was to bore the market to death. Economics is not the [...]
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