The AFL-CIO sees a large stake in this disagreement that potentially goes beyond UPS workers. |
The current episode is vastly worse than that; there's only been the slightest bit of a paltry recovery in the labor market. |
The employment numbers easily give the Fed reason to pause, but it doesn't necessarily mean they are finished with raising rates. They will want to see more evidence of slowing, both in the employment numbers and in other areas of the economy. |
The Fed is watching with every eye, ear, and nose it has for evidence that oil prices are creeping into core inflation. |
The Fed really tried to throw some cold water on those who are saying the recession's over already, ... The optimists are declaring it over already ... I think there's a good chance they're wrong, and the Fed obviously is predicating policy on the basis that they are wrong. |
The Fed really tried to throw some cold water on those who are saying the recession's over already. The optimists are declaring it over already ... I think there's a good chance they're wrong, and the Fed obviously is predicating policy on the basis that they are wrong. |
The most important thing is that strikes don't last forever. The economy is normally quite resilient and comes bouncing back. |
There is a kind of a cascading chain, ... If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the previous business doesn't sell, and so on. |
There is a kind of a cascading chain. If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the previous business doesn't sell, and so on. |
We all remember the 'jobless recovery' of the 1990s -- that experience was, for the labor market, significantly worse than [any in post-World War II] history, |
We will soon learn whether the Greenspan era has created a deep reservoir of faith in the Federal Reserve, or just in Alan Greenspan. |
What this illustrates is the virtue of being more plain-spoken and the dangers when you are not. |
While Alan Greenspan may have enjoyed more than his share of good luck during his storied tenure as Fed chairman, he was also confronted with a wide variety of challenges that required subtlety, a deft touch and good judgment. |
While there are some negatives in the record, when the score is toted up, we think he has a legitimate claim to being the greatest central banker who ever lived. |