Is the Fed’s Able to Offset Austerity?

The April employment report came out today and is better than expected. The number of new jobs exceeded the median forecast, the previous two months job numbers were revised upward, and the unemployment rate fell to 7.5%. This report is not what one would expect if fiscal austerity were overwhelming the Fed’s efforts to shore [...] View the full post at: Is the Fed’s Able to Offset Austerity? Related posts: CLASS Act Fails the Offset Test Dr. Krugman and Mr. Keynes Weekly Jobless Claims Decline