Fed FOMC press release July 29, 2015 “To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress–both realized and expected–toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term.”
Blogs I Follow
- Great story on gender equality (er, lack thereof) in professional labor markets in Japan
- More annals of correlations wrongly attributed as causation: The more equal women and men are, the less they want the same things
- In happened sooner than I thought: Baobab beer in microbrewery in New Jersey
- Building housing in San Jose
- Readings on immigration issues in the United States
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