Payrolls and the Fed
January 08, 2010 at 13:44 PM EST
[Skip to the end] Fed struggling to meet its dual mandate of full employment and price stability. Still losing on both fronts. Congress and the Admin can’t be feeling good about any of this. Their belief in ‘monetary policy’ has to be fading after a prolonged period of the 0 rate policy and trillions of quantitative easing. [...]