The November jobs report

From The Wall Street Journal: U.S. Employers Hire at Healthy Rate in November Unemployment rate holds at 17-year low of 4.1% By Eric Morath | Updated December 8, 2017 | 11:03 a.m. ET WASHINGTON—The economy appears to be on its firmest footing in at least a decade, with hiring picking up from earlier this year …

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Economics 101: Raising the debt ceiling does not matter; the federal government cannot run out of money! Unconventional thinking

From The Washington Post: Trump didn’t solve the debt ceiling crisis. He just delayed it By Heather Long | September 6, 2017 |  4:46 PM EDT John Chambers thought of himself as a quiet, nerdy guy until he started receiving death threats in 2011. The next thing he knew, his Gmail account was hacked and …

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The Fed says that “full employment . . . means every worker looking for a job can find one” Lies, damned lies, and statistics

From The Wall Street Journal: ‘Still a Question Mark’ Around Full Employment, Fed’s Brainard Says Too soon to declare victory on labor market’s recovery from recession despite recent improvements, Fed Governor Brainard says By David Harrison | Updated May 22, 2017 9:17 p.m. ET It is too soon to declare victory on the labor market’s …

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Finding jobs for America’s ‘forgotten people’

From CNNMoney: Trump’s tall task: Finding jobs for America’s ‘forgotten people’ by Heather Long | @byHeatherLong | May 3, 2017: 11:13 AM ET President Trump has had one consistent theme from the first day he entered the race for the White House: “Jobs, jobs, jobs.” He thinks a lot of Americans urgently need work. That’s …

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This is why Donald Trump is President: the economic isolation of the Federal Reserve

From CNNMoney: Fed official: U.S. economy finally back to normal by Heather Long | @byHeatherLong | March 29, 2017: 2:42 PM ET Congratulations, America. The economy is finally back to normal.That’s what John Williams, the head of the Federal Reserve Bank of San Francisco, declared Wednesday. “The data have spoken, and the message is clear: …

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The Fed and its economic biases

We have frequently noted how poorly the Federal Reserve has done on its economic prognostications. Now, The Wall Street Journal catches up with us: The Fed Is Stuck in the Past With Its Forecasts of the Future Recent economic forecasts that have missed the mark suggest a flaw in the central bank’s approach By James …

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The #idesOfMarch : What a perfect day for the Fed to stab President Trump in the back!

As previously noted, the Fed are raising interest rates: Fed raises rates, signals more to come in 2017 by Patrick Gillespie | March 15, 2017: 2:33 PM ET The Federal Reserve raised its key interest rate by 0.25 percentage point on Wednesday. It was just the third time that the Fed has increased rates since …

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Will the Federal Reserve openly fight President Trump’s economic policies?

The United States’ gross domestic product grew by a paltry 1.6% in 2016, the worst year since 2011, and that growth rate was lower than the Federal Reserve Board’s projection of a 1.9% growth rate, made when the year was already 11½ months over. The growth rate for just the fourth quarter of 2016 was …

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Good news! President Trump wants to cut non-Defense spending! Unfortunately, unhatched chickens are being counted

From The New York Times: Trump to Ask for Sharp Increases in Military Spending, Officials Say By Glenn Thrush and Kate Kelly | February 26, 2017 WASHINGTON — President Trump will instruct federal agencies on Monday to assemble a budget for the coming fiscal year that would include sharp increases in Defense Department spending; major …

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Thud! In 2016, GDP increased only 1.6%, slowest since 2011

From The Wall Street Journal: U.S. GDP Grew 1.9% in Fourth Quarter President Trump has set a goal of generating 4% annual growth by overhauling the tax code and rolling back regulations, among other measures By Ben Leubsdorf and Eric Morath | Updated Jan. 27, 2017 8:50 a.m. ET WASHINGTON—The U.S. economy decelerated in the …

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