Correspondent, Chicago
Ann's Feed
May 15, 2014
May 15, 2014
May 15, 2014
May 15, 2014
May 15, 2014
May 15, 2014
May 15, 2014
May 15, 2014

Job market debate rages at Fed, likely keeping rates on hold

SAN FRANCISCO (Reuters) – Economists within the Federal Reserve are struggling to size up the strength of the U.S. labor market but can’t even agree what yardstick to use.

Andreas Hornstein, a senior adviser at the Richmond Fed, says the unemployment rate, currently at 6.3 percent, effectively captures the level of slack in the labor market.

May 14, 2014
May 14, 2014
    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
    • More from Ann

    • Follow Ann