Federal Reserve officials have made it clear that they are turning their attention from a focus squarely on inflation to at least an equal concern about unemployment, and the latest data shows their concern is well placed. Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. And history has shown that once unemployment starts to accelerate, it does so quickly. “The Fed should be…
in Economy
The Fed now will focus on the employment part of its mission — and for good reason
