Tuesday, October 22, 2013

Again?

Every year.
The disappointing jobs report released Friday leaves Federal Reserve officials without a clear-cut signal of an economy on the mend, creating a dilemma for the central bank as it contemplates pulling back on a landmark bond-buying program designed to stoke growth.

There has never been any kind of strong signal from the data that recovery was really here, or imminent. >5 years later the unemployment rate is at 7.2%.

Fix that, too.