Federal Reserve

You say monetary policy isn't your thing. Maybe it should be.
"Now a financial firm is of course a legal fiction; it's not a person. You can't put a financial firm in jail."
Rep. John Conyers wants to force the Federal Reserve to focus more on job growth.
In July, the Fed chair sparked controversy by suggesting the central bank couldn't address high rates of African-American unemployment.
The Fed chair said a shutdown would “endanger” economic progress.
The central bank is set to announce this week whether it'll raise its benchmark interest rate.
To raise rates now would be an unfortunate signal from the Fed that the current job market is as good as it gets.
It'll be an increase of one-quarter of 1 percent, which most Americans will barely notice.
The Fed balances concerns about inflation with its commitment to full employment.