Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
December 20, 2014

Chart of the Day

image001 Chart of the Day

Michael Greenstone and Adam Looney look at how long it will take the US economy to reach the Federal Reserve’s benchmark of 6.5% unemployment at various rates of job growth.

Matthew Yglesias: “I like the Federal Reserve’s Federal Open Market Committee’s new posture of saying it won’t consider higher interest rates until unemployment goes below 6.5 percent unless inflation gets above 2.5 percent a lot better than the FOMC’s old posture of saying that conditions warranting low rates would persist into 2015…┬áBut it’s not a radically different underlying policy.”

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