Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What the Fed Reads Into Long-Term Unemployment
Episode 33 of The Federal Reserve Podcast with Fexingo drills into the surge in long-term unemployment — workers jobless for 27 weeks or more. With the May jobs report due tomorrow and the rate of people out of work for half a year rising even as headline payrolls look solid, Lucas and Luna break down why the Fed watches this metric as a signal of labor market scarring. They connect it to the Fed's current hold on rates, the sticky inflation picture, and what the Bernanke-era research on hysteresis means for policy today. A focused, data-driven conversation for anyone trying to read…
The skinny
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