The Fed can do something about that, in line with their mandate of maximizing employment, by cutting interest rates.
unemployment
Posted inEconomic Policy
We Can and Should Address Racial Disparities
Most of the programs that would be most beneficial to racial equality are actually universal policies.
Posted inEconomic Policy
Economic Punditry and the ‘Hot Dog Guy’ Problem
Why centrist opinion columnists have no one to blame but themselves for public misconceptions about the economy
Posted inPolitics
The Support Our Public Services Briefly Had—and Still Need
And how President Biden can make that goal a better campaign theme
Posted inTAP
Half of Democrats (Never Mind Republicans) Think We’re in a Recession
Today on TAP: If we’re that deep into a vibe-cession come the fall, it will be very difficult for Biden to win.
Posted inHousing
A Whole-Person Approach to Combating Homelessness
An ambitious pilot program provides a myriad of resources to help participants achieve financial independence through stable employment.
Posted inEconomic Policy
The Connection Between Jobs and Housing
The good news/bad news story in the Economic Report of the President
Posted inEconomic Policy
Why Were Inflation Hawks Wrong?
Economists like Larry Summers predicted that bringing inflation down would require a large increase in unemployment. It didn’t.
Posted inTAP
Is the Good Economic News Good for Biden?
Today on TAP: Yes, if the president plays it astutely. But other factors could matter more.
Posted inEconomic Policy
Time for a Victory Lap?
Those who believed inflation would be transitory were proven right, and those who demanded the sacrifice of mass unemployment proven wrong.