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Fed’s ‘maximum employment’ is here; not everyone has benefited

Fed's 'maximum employment' is here; not everyone has benefited

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Since adopting a new approach to U.S. monetary policy weighted towards ensuring a strong labor market, Federal Reserve officials have been reluctant to define key terms like “maximum employment,” arguing they did not want to prejudge how many jobs the economy could produce but feel their way toward that end.

...read full article on Reuters

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