Fed Doves Need to Think Big
After weeks of delay thanks to the federal government shutdown, the U.S. Bureau of Labor Statistics released the lackluster September jobs report this morning. Economists at the Federal Reserve Bank of Chicago think that we won't return to full employment until sometime in 2018 if jobs growth remains at the pace set since the start of 2011 -- and that's after making generous assumptions about aging, birthrates and immigration. One possible solution: financial reform.
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